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Polaris Forge 2 hyperscaler lease

Company: Applied Digital - Project: Polaris Forge 2

Subject kind
customer
Statement date
2026-07-28
Promised amount
200.0 MW
Current status
stated

The claim, verbatim

On October 22, 2025, entered into approximately 15-year lease with U.S.-based investment-grade hyperscaler for 200 MW of critical IT load at Polaris Forge 2

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

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm) in full (594,188 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.

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 ↗