Applied Digital Corporation
Applied Digital Expands AI Factory Model with New 210 MW Lease
Summary
Applied Digital Corporation has entered into a new long-term lease agreement at its Delta Forge 2 Campus, a purpose-built AI Factory campus in a new southern state. The lease, with a U.S. based high investment-grade hyperscaler, covers 210 MW of critical IT load under a 15-year take-or-pay structure with renewal options, representing approximately $5.2 billion in base-term contracted revenue, or approximately $12.7 billion if all renewal options are exercised over a 30-year total term. This agreement marks Applied Digital's fifth AI Factory campus and brings its total contracted portfolio to approximately $36 billion across five campuses. Initial operations at Delta Forge 2 are anticipated to commence in Q1 2028.
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About Applied Digital Corporation
Applied Digital Corporation specializes in digital infrastructure provision, focusing primarily on the management and operation of next-generation data centers. These facilities are optimized for high-performance computing applications, which are critical for areas such as artificial intelligence, machine learning, and blockchain technologies. As the demand for computational power grows across various industries, Applied Digital plays a pivotal role in facilitating the infrastructure that powers advanced technological developments. This company is notable for its energy-efficient solutions and scalable architecture, catering to sectors requiring substantial processing capabilities. Operating in the rapidly evolving landscape of tech infrastructure, Applied Digital is positioned to impact diverse fields, from finance and healthcare to scientific research and entertainment. By providing robust and flexible infrastructure, it enables organizations to expand their digital capabilities, highlighting its importance in the global push towards greater computational efficiency and innovation.
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