Applied Digital Signs 5.2 Billion Dollar AI Lease
Applied Digital has signed a 15-year lease for 210 megawatts of capacity at its Delta Forge 2 site. The agreement is expected to generate 5.2 billion dollars in revenue and brings the company's total contracted base-term revenue to approximately 36 billion dollars.
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APPLIED DIGITAL CORP signed a 15-year lease with a United States hyperscaler for its Delta Forge 2 site, projected to generate $5.2 billion in revenue. The deal sent APPLIED DIGITAL CORP shares up 8.7% in late evening trading on June 8. This agreement secures 70% of the company's contracted revenue from investment-grade partners to fund massive AI infrastructure expansion.
