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Investment-grade hyperscaler lease at Polaris Forge 2

Company: Applied Digital - Project: Polaris Forge 2

This claim was marked delayed on September 2, 2026. Re-verification found the cited source does support this claim. The earlier withdrawal was made in error and has been reversed. The attributed quote appears verbatim in the cited source (deterministic check).

How this was decided: Correction after re-verification. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
customer
Statement date
2026-07-28
Promised by
2025-10-22
Promised amount
5.0 billion USD
Current status
delayed

The claim, verbatim

15-year lease with U.S.-based investment-grade hyperscaler for 200 MW at Polaris Forge 2, entered October 22, 2025, representing approximately $5.0 billion of contracted revenue over base term

Source (primary)

Applied Digital 10-K filed 2026-07-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗

Quote: “On October 22, 2025, we entered into an approximately 15-year lease with a U.S.-based investment-grade hyperscaler for 200 MW of critical IT load at the campus.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Applied Digital 10-K filed 2026-07-29

Quote: “On October 22, 2025, we entered into an approximately 15-year lease with a U.S.-based investment-grade hyperscaler for 200 MW of critical IT load at the campus.”

View cached copy (2026-08-30)Live source ↗

Record of changes

August 31, 2026 — statedlater found incorrect
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 1, 2026 — delayedlater found incorrect
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 1, 2026 — withdrawnlater found incorrect
Evidence review against the cited source. The source supports the lease date, term, and MW capacity, but contains no revenue figure for Polaris Forge 2; the only revenue figure mentioned is $7.5 billion for Polaris Forge 3.
September 2, 2026 — delayed
Correction after re-verification. Re-verification found the cited source does support this claim. The earlier withdrawal was made in error and has been reversed. The attributed quote appears verbatim in the cited source (deterministic check).