Polaris Forge 2 hyperscaler lease revenue $5 billion
Company: Applied Digital
The claim, verbatim
Polaris Forge 2 hyperscaler's 200 MW lease expected to deliver approximately $5 billion in revenue
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “expected to deliver approximately $5 billion in revenue”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The press release states the approximately 15-year, 200 MW Polaris Forge 2 lease with an investment-grade hyperscaler is expected to deliver approximately $5 billion in revenue.
Confirmed in the source:
- Applied Digital signed a lease with a U.S. based investment-grade hyperscaler at the Polaris Forge 2 campus
- The Polaris Forge 2 hyperscaler lease covers 200 MW of capacity
- The Polaris Forge 2 lease is expected to deliver approximately $5 billion in revenue
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/142/applied-digital-reports-fiscal-second-quarter-2026-results/) in full (45,559 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “expected to deliver approximately $5 billion in revenue”