Applied Digital has secured a $5.2 billion long-term lease agreement for 210 MW of critical IT load at its new Delta Forge 2 AI Factory campus in a southern U.S. state. This marks the company's fifth AI Factory campus and expands its franchise model, which replicates design, construction, and operations teams across locations. The lease is with a U.S.-based high investment-grade hyperscaler under a 15-year take-or-pay contract with renewal options, potentially reaching $12.7 billion over 30 years. The campus, featuring proprietary waterless cooling and high-density power infrastructure, is designed for large-scale AI workloads and is expected to begin operations in Q1 2028. This deal increases Applied Digital's contracted portfolio to approximately $36 billion across five campuses, supporting 1.4 GW of critical IT load and 2.15 GW of grid power, with about 70% of revenue backed by U.S. investment-grade hyperscalers.
Applied Digital Corporation announced a conference call on July 27, 2026, to discuss its fiscal fourth quarter and full-year financial results ending May 31, 2026. The company, known for designing and operating AI-focused data centers, will share upd...
Applied Digital is rated a Strong Buy with a price target of $54, suggesting an 86% upside from the current $29 price. The growth is driven by Polaris Forge 1 & 2 and Delta Forge 2 projects, expected to add $526 million in EBITDA and $0.68 in EPS. Th...
Applied Digital has evolved from focusing on crypto data centers to becoming a leading AI infrastructure platform, catering to the growing demand from hyperscalers for high-density capacity. The company holds $36 billion in contracted lease revenue a...
Applied Digital (APLD) has received a Buy rating due to its impressive triple-digit revenue growth and promising demand outlook in the data center sector, which is still early in its development. Despite a 230% stock price increase over the past year...
Applied Digital has transitioned from cryptocurrency mining to operating AI-focused data centers, securing $36 billion in long-term lease contracts over 15 years. The company generates $2 billion in annualized net operating income and is rapidly expa...
