Polaris Forge 3 15-year hyperscaler lease
Company: Applied Digital - Project: Polaris Forge 3
The claim, verbatim
APLD signed a 15-year take-or-pay lease with a U.S.-based high investment-grade hyperscaler for Polaris Forge 3, valued at approximately $7.5 billion in base-term contracted revenue
Source (primary)
APLD Stock Rallies After Hours On Massive New $7.5 Billion Hyperscaler Lease: Retail Think Firm Should Be Worth More Than Rival IREN - Stocktwits (-, news_article)
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Quote: “signed a 15-year take-or-pay lease with the same U.S.-based high investment-grade hyperscaler...The deal is valued at roughly $7.5 billion in base-term contracted revenue”
How we checked this
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Additional evidence
confirms APLD Stock Rallies After Hours On Massive New $7.5 Billion Hyperscaler Lease: Retail Think Firm Should Be Worth More Than Rival IREN - Stocktwits
Quote: “signed a 15-year take-or-pay lease with the same U.S.-based high investment-grade hyperscaler...The deal is valued at roughly $7.5 billion in base-term contracted revenue”