Applied Digital Signs $7.5 Billion AI Data Center Lease with Hyperscaler
Applied Digital signed a $7.5 billion, 15-year lease with a U.S.-based hyperscaler for its Delta Forge 1 data center, which supports AI and high-performance computing. The deal marks the company's second investment-grade hyperscale customer in the U.S. and increases over 50% of its contracted revenue to be backed by such customers. Shares of Applied Digital rose over 12% following the announcement.
Tickers: $APLD
Topics: AI infrastructure data centers hyperscaler lease agreement revenue growth