Skip to content
CARTIS
← Return to profile

Cartis diligence evidence schedule

Applied Digital Delta Forge 2 AI Factory Campus

PRJ-0678 · Site · United States

Record last updated Oct 28, 2026

Scope and capacity

Applied Digital's October 7, 2026 disclosures identify Delta Forge 2 in Alabama and describe its single 210 MW critical-IT building as under construction, with initial operations expected in the first half of 2028. This replaces the earlier undisclosed-state description without guessing a city or treating the forecast as an opening. Applied Digital identifies Delta Forge 2 as an AI Factory campus in Alabama, previously described only as an undisclosed southern state. A long-term tenant lease covers 210 MW of critical IT capacity, with initial operations expected in the first half of 2028. Applied Digital is associated with the development in Alabama, US. The disclosed development scope includes 210 MW contracted critical IT; Alabama location now disclosed; initial operations expected H1 2028. Power and physical infrastructure include purpose-built AI Factory under a long-term hyperscaler lease. Applied Digital reports an executed 210 MW critical-IT lease.

Headline: 210 MW Contracted

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Location context · Delta Forge 2 campus | Southern United States | state undisclosed

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 57142 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

Lifecycle status · Preconstruction

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 57143 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

Reported capacity · 210 MW

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 57144 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

Capacity basis · Applied Digital reports an executed 210 MW critical-IT lease.

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 57145 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

Location context · Delta Forge 2 campus | Southern United States | state undisclosed

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 111175 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

Lifecycle status · Preconstruction

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 111176 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

Reported capacity · 210 MW

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 111177 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

Capacity basis · Applied Digital reports an executed 210 MW critical-IT lease.

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 111178 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

Development scale · 210 MW contracted critical IT

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 111195 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

  2. Delta Forge 2 lease Form 8-K

    Applied Digital · Document date: Jun 8, 2026 · Corroborating

    Source reference: SRC-6200 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/form8-k.htm

Development milestone · Location undisclosed

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 111196 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

  2. Delta Forge 2 lease Form 8-K

    Applied Digital · Document date: Jun 8, 2026 · Corroborating

    Source reference: SRC-6200 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/form8-k.htm

Power arrangement · Initial operations expected H1 2028.

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 111197 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

  2. Delta Forge 2 lease Form 8-K

    Applied Digital · Document date: Jun 8, 2026 · Corroborating

    Source reference: SRC-6200 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/form8-k.htm

Site configuration · Delta Forge 2 campus | Southern United States | state undisclosed

Actual · Applied Digital Delta Forge 2 AI Factory Campus (Project)

Claim 111198 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Applied Digital fiscal fourth quarter and full year 2026 results

    Applied Digital · Document date: Jul 27, 2026 · Primary

    Source reference: SRC-3109 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html

  2. Delta Forge 2 lease Form 8-K

    Applied Digital · Document date: Jun 8, 2026 · Corroborating

    Source reference: SRC-6200 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/form8-k.htm

Counterparties and capital

Applied Digital · Developer · CMP-1390

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.