Skip to main content

Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3

Source Decision Insights Record Published May 20, 2026 Companies 2
Human View Machine View

2 companies named across 3 categories, one of 18 articles referencing Applied Digital. Previous coverage: Packet brokering, DPI, SASE, and AI infrastructure updates - Week of January 26, 2026 (Jan 2026).

Companies mentioned

Best suited for

Seniority
C Level / Executive Team
Job function
Chief Executive Officer
Buyer role
Decision Maker / Budget Holder
Decision stage
Which to buy
Adoption curve
Early Majority
Technology maturity
Operational Expansion
Industry
Information Technology / Software & Services / IT Services / Cloud Services

Our classification, not the publisher's statement. Best suited for, not only for.

Applied Digital entered into a long-term lease agreement for its fourth AI Factory campus, Polaris Forge 3, with the same U.S.-based high investment-grade hyperscaler tied to Delta Forge 1. The deal adds contracted baseline revenue and expands the company’s overall contracted lease footprint across its AI Factory campuses.

The agreement covers a 15-year take-or-pay term and is valued at about $7.5 billion in base-term contracted revenue, with potential value of about $18.2 billion if all options are exercised. Across four AI Factory campuses, Applied Digital said contracted lease revenue totals $31 billion and rises to $73 billion if all renewal options are exercised.

Polaris Forge 3 is located in a northern state and is designed to deliver 300 MW of critical IT load, supported by approximately 430 MW of grid-connected utility power. Applied Digital said its total contracted capacity across four AI Factory campuses reached 1,200 MW of critical IT load (net) and about 1,670 MW of utility power (gross).

Applied Digital said the 300 MW leases represent the fourth AI Factory campus under the agreement, and that Polaris Forge 3 spans more than 600 acres. The company said initial operations are anticipated to commence in August 2027 and that the campus integrates its waterless cooling technology, high-density power delivery, and advanced liquid-cooling architecture.

“Polaris Forge 3 is a direct extension of what we’ve proven works: a disciplined, repeatable AI Factory model that delivers large-scale capacity to the world’s most demanding compute customers,” said Wes Cummins, Chairman and Chief Executive Officer of Applied Digital. “This second 300 MW lease with the same U.S. based high investment-grade hyperscaler we partnered with at Delta Forge 1 reflects the confidence we’ve built through disciplined execution and our ability to consistently advance large-scale AI infrastructure projects.”

Press release, provided by Globe Newswire on behalf of Applied Digital. Read the original.

Mentions

Structured data (JSON-LD)

The schema.org markup this page publishes for search engines and AI agents, exactly as they read it.

[
  {
    "@context": "https://schema.org",
    "@id": "https://decisioninsights.ai/#website",
    "@type": "WebSite",
    "name": "Decision Insights",
    "potentialAction": {
      "@type": "SearchAction",
      "target": {
        "@type": "EntryPoint",
        "urlTemplate": "https://decisioninsights.ai/search/?q={search_term_string}&submit=1"
      }
    },
    "publisher": {
      "@id": "https://decisioninsights.ai/#organization"
    },
    "url": "https://decisioninsights.ai"
  },
  {
    "@context": "https://schema.org",
    "@id": "https://decisioninsights.ai/#organization",
    "@type": "Organization",
    "contactPoint": {
      "@type": "ContactPoint",
      "contactType": "customer support",
      "email": "[email protected]"
    },
    "description": "Decision Insights is a Registry of technology companies, open source projects, and industry terms, built for people and for AI agents that need sourced, structured information.",
    "logo": {
      "@type": "ImageObject",
      "url": "https://wiretap-cdn-assets.nyc3.cdn.digitaloceanspaces.com/decision-insights/[email protected]"
    },
    "name": "Decision Insights",
    "parentOrganization": {
      "@type": "Organization",
      "name": "Wiretap Labs",
      "sameAs": [
        "https://www.linkedin.com/company/wiretap-labs",
        "https://www.crunchbase.com/organization/wiretap-labs"
      ],
      "url": "https://wiretaplabs.com"
    },
    "publishingPrinciples": "https://decisioninsights.ai/standards/",
    "sameAs": [
      "https://www.linkedin.com/company/decisioninsights"
    ],
    "url": "https://decisioninsights.ai"
  },
  {
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
      {
        "@type": "ListItem",
        "item": "https://decisioninsights.ai",
        "name": "Decision Insights",
        "position": 1
      },
      {
        "@type": "ListItem",
        "item": "https://decisioninsights.ai/records/",
        "name": "Records",
        "position": 2
      },
      {
        "@type": "ListItem",
        "item": "https://decisioninsights.ai/applied-digital-reaches-significant-milestone-surpassing-1-gw-of-contracted-capacity-with-u.s.-based-high-investment-grade-hyperscaler-lease-at-fourth-campus-polaris-forge-3/",
        "name": "Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3",
        "position": 3
      }
    ]
  },
  {
    "@context": "https://schema.org",
    "@id": "https://decisioninsights.ai/applied-digital-reaches-significant-milestone-surpassing-1-gw-of-contracted-capacity-with-u.s.-based-high-investment-grade-hyperscaler-lease-at-fourth-campus-polaris-forge-3/#blogposting",
    "@type": "NewsArticle",
    "about": {
      "@id": "https://decisioninsights.ai/registry/applied-digital/#organization",
      "@type": "Organization",
      "mainEntityOfPage": "https://decisioninsights.ai/registry/applied-digital/",
      "name": "Applied Digital"
    },
    "audience": [
      {
        "@type": "Audience",
        "additionalType": "Seniority",
        "audienceType": "C Level / Executive Team"
      },
      {
        "@type": "Audience",
        "additionalType": "Job function",
        "audienceType": "Chief Executive Officer"
      },
      {
        "@type": "Audience",
        "additionalType": "Buyer role",
        "audienceType": "Decision Maker / Budget Holder"
      },
      {
        "@type": "Audience",
        "additionalType": "Adoption curve",
        "audienceType": "Early Majority"
      },
      {
        "@type": "Audience",
        "additionalType": "Technology maturity",
        "audienceType": "Operational Expansion"
      },
      {
        "@type": "Audience",
        "additionalType": "Industry",
        "audienceType": "Information Technology / Software & Services / IT Services / Cloud Services"
      }
    ],
    "author": {
      "@id": "https://decisioninsights.ai/author/decision-insights-signals/#person",
      "@type": "Person",
      "name": "Decision Insights Record",
      "url": "https://decisioninsights.ai/author/decision-insights-signals/"
    },
    "dateModified": "2026-08-23T14:39:37-06:00",
    "datePublished": "2026-05-20T14:55:10-06:00",
    "description": "Applied Digital announced a 15-year take-or-pay lease with a U.S.-based investment-grade hyperscaler for Polaris Forge 3, delivering 300 MW of critical IT…",
    "headline": "Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3",
    "isBasedOn": {
      "@type": "CreativeWork",
      "sourceOrganization": {
        "@type": "Organization",
        "name": "GlobeNewswire"
      },
      "url": "https://www.globenewswire.com/news-release/2026/05/20/3298880/0/en/Applied-Digital-Reaches-Significant-Milestone-Surpassing-1-GW-of-Contracted-Capacity-with-U-S-Based-High-Investment-Grade-Hyperscaler-Lease-at-Fourth-Campus-Polaris-Forge-3.html"
    },
    "keywords": [
      "AI factory",
      "Hyperscaler",
      "Power"
    ],
    "mainEntityOfPage": {
      "@id": "https://decisioninsights.ai/applied-digital-reaches-significant-milestone-surpassing-1-gw-of-contracted-capacity-with-u.s.-based-high-investment-grade-hyperscaler-lease-at-fourth-campus-polaris-forge-3/",
      "@type": "WebPage",
      "sdDatePublished": "2026-08-23",
      "sdPublisher": {
        "@id": "https://decisioninsights.ai/#organization"
      }
    },
    "mentions": [
      {
        "@id": "https://decisioninsights.ai/registry/applied-digital/#organization",
        "@type": "Organization",
        "mainEntityOfPage": "https://decisioninsights.ai/registry/applied-digital/",
        "name": "Applied Digital"
      },
      {
        "@id": "https://decisioninsights.ai/registry/delta/#organization",
        "@type": "Organization",
        "mainEntityOfPage": "https://decisioninsights.ai/registry/delta/",
        "name": "DELTA"
      }
    ],
    "publisher": {
      "@id": "https://decisioninsights.ai/#organization"
    }
  },
  {
    "@context": "https://schema.org",
    "@id": "https://decisioninsights.ai/author/decision-insights-signals/#person",
    "@type": "Person",
    "description": "Press releases and independent analyst research, structured into concise summaries for research and monitoring. Produced under our Standards & Methodology.",
    "name": "Decision Insights Record",
    "sameAs": [
      "https://www.linkedin.com/showcase/decisioninsights/"
    ],
    "url": "https://decisioninsights.ai/author/decision-insights-signals/"
  }
]

Is this your company? Get structured data for your own pages