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 secured a 210 MW, $5.2 billion, 15-year lease at Delta Forge 2, expanding its contracted revenue backlog to $36 billion across five campuses. This deal highlights the strength of APLD's franchise model, which now has 1.4 G...
Applied Digital Corporation announced a proposed private offering of $1.59 billion in senior secured notes due 2031 to fund the construction of a new 150 MW AI data center building at its Polaris Forge 1 campus in North Dakota. The proceeds will also...
Applied Digital has secured a 15-year lease agreement worth approximately $5.2 billion 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 it...
Applied Digital Corporation has secured a revolving credit facility of up to $550 million, arranged by Goldman Sachs, to support the development of its AI-focused data centers and general corporate needs. The facility includes $350 million committed ...
