Applied Digital Signs $7.5 Billion AI Data Center Lease with U.S. Hyperscaler
Applied Digital has signed a $7.5 billion, 15-year lease with a U.S. hyperscaler for its Delta Forge 1 data center, boosting its contracted lease revenue to over $23 billion. The deal highlights growing demand for AI infrastructure and led to a 12% rise in Applied Digital's stock price.
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Topics: AI infrastructure corporate finance data centers hyperscalers leasing