Applied Digital Signs 15-Year 210 MW AI Data Center Lease Worth $5.2B, Shares Rise 11%
Applied Digital signed a 15-year lease for 210 MW of capacity at its Delta Forge 2 campus. The deal is expected to generate $5.2 billion in revenue over the initial term.
finance.yahoo.comApplied Digital shares rose 11% on June 9 after the company signed a 15-year lease agreement for 210 MW of critical IT capacity at its Delta Forge 2 AI Factory campus. -based investment-grade hyperscaler. 7 billion if renewal options are exercised.
Applied Digital designs, builds, and operates large-scale data centers that provide power, cooling, and infrastructure for artificial intelligence, cloud computing, and high-performance computing workloads. The agreement expands the company's AI Factory platform to five campuses and increases its contracted portfolio to approximately $36 billion.
Delta Forge 2 incorporates Applied Digital's proprietary waterless cooling technology.
The campus is expected to begin operations in early 2028.
