Polaris Forge 2 - hyperscaler tenant in advanced discussions
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
In advanced discussions with investment-grade hyperscaler; aligned on key lease terms; customer would hold first right of refusal on full 1 GW contingent on additional power
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “We are currently in advanced discussions with an investment-grade hyperscaler and have aligned on many of the key lease terms with them. Should the lease be executed, the customer would hold first right of refusal on the full 1 GW of capacity, contingent on securing additional power.”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “We are currently in advanced discussions with an investment-grade hyperscaler and have aligned on many of the key lease terms with them. Should the lease be executed, the customer would hold first right of refusal on the full 1 GW of capacity, contingent on securing additional power.”