Polaris Forge 3 Lease (300 MW)
Company: Applied Digital - Project: Polaris Forge 3
The claim, verbatim
Signed a 15-year take-or-pay lease for 300 MW with the same high investment-grade hyperscaler at Polaris Forge 3 with approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence in calendar year 2027.
Source (primary)
View PDF (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗
Quote: “Signed a second 15-year take-or-pay lease with the same high investment-grade hyperscaler for 300 MW at Polaris Forge 3, which provides for approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence during calendar year 2027.”
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Additional evidence
confirms View PDF
Quote: “Signed a second 15-year take-or-pay lease with the same high investment-grade hyperscaler for 300 MW at Polaris Forge 3, which provides for approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence during calendar year 2027.”