Applied Digital Secures $5.2 Billion Hyperscaler Lease Deal

MT Newswires Live

Jun 09

Applied Digital (APLD) said Monday it has signed a 15-year lease contract with an investment-grade US hyperscaler for 210 megawatts of IT capacity at its upcoming Delta Forge 2 location.

The take-or-pay commitment will yield roughly $5.2 billion in base revenue, potentially reaching $12.7 billion if the tenant executes all renewal options over a 30-year period, the company said.

The new facility will provide infrastructure for artificial intelligence workloads, with initial operations scheduled to start in Q1 of 2028, Applied Digital said.

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