NasdaqGS:APLDIT
Applied Digital’s $31b AI Leases Raise Questions On Growth And Risk
Applied Digital (NasdaqGS:APLD) signed a new 15-year, multibillion-dollar lease with a U.S. investment-grade hyperscaler for its Polaris Forge 3 AI data center campus.
The agreement brings total contracted lease revenue across four campuses to $31 billion.
This latest lease adds a fourth major campus focused on AI and high-performance computing customers.
For investors watching AI infrastructure, Applied Digital now reports $31 billion of contracted lease revenue tied to long-term...