Applied Digital Secures $7.5B Lease, Contracts Reach $23B
Applied Digital (APLD) announced a $7.5 billion lease agreement with a US-based hyperscaler, boosting its total contracted revenues to $23 billion. The stock rose 12.09% following the news. The company also plans to raise $300 million for its third building at Polaris Forge 1.
Topics: AI infrastructure contract award corporate expansion data center development funding