NasdaqGS:APLDIT
Applied Digital (APLD) Is Up 5.3% After Securing 15-Year Hyperscaler Lease at Delta Forge 1
Applied Digital recently entered into a 15-year lease agreement with a new U.S.-based, high investment-grade hyperscaler at its 430 MW Delta Forge 1 AI Factory campus, adding about US$7.5 billion in contracted value for 300 megawatts of critical IT load.
This deal lifts Applied Digital’s total contracted lease revenue to over US$23.00 billion and broadens its customer base to a third hyperscale tenant, potentially enhancing revenue visibility and customer diversification.
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