Applied Digital Signs 7.5 Billion Dollar AI Lease
Applied Digital signed a 15-year lease for its Delta Forge 1 site today. The 7.5 billion dollar deal supports AI workloads and boosted shares by over 9 percent.
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APPLIED DIGITAL CORP has reached a significant milestone in the expansion of its artificial intelligence infrastructure, announcing a 15-year lease agreement valued at $7.5 billion with a major United States-based hyperscaler. The deal covers 300 megawatts of computing capacity at the company's Delta Forge 1 site, a facility designed specifically to handle the intensive cooling and power requirements of AI workloads. Following the announcement, shares of the company climbed more than 9% in premarket trading.
