Polaris Forge 3 contracted capacity and revenue
Company: Applied Digital - Project: Polaris Forge 3
The claim, verbatim
Polaris Forge 3 is 300 MW critical IT load campus contracted under two approximately 15-year leases with three five-year renewal options with high investment-grade hyperscaler, representing approximately $7.5 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: “The aggregate 300 MW of critical IT load is contracted under two approximately 15-year leases (with three five-year renewal options) with a high investment-grade hyperscaler, representing approximately $7.5 billion of contracted revenue over the base term”
How we checked this
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Additional evidence
confirms Applied Digital 10-K filed 2026-07-29
Quote: “The aggregate 300 MW of critical IT load is contracted under two approximately 15-year leases (with three five-year renewal options) with a high investment-grade hyperscaler, representing approximately $7.5 billion of contracted revenue over the base term”