Applied Digital Signs 15-Year, $7.5 Billion Lease, Lifting Contracted Revenue to $31 Billion
Applied Digital signed a 15-year take-or-pay lease with a U.S.-based high investment-grade hyperscaler at Polaris Forge 3, its fourth AI Factory campus. The agreement covers 300 megawatts of critical IT load and is valued at about $7.5 billion in base-term contracted revenue.
The deal pushes the company above 1 gigawatt of contracted capacity and brings total contracted baseline revenue to $31 billion across four AI factory campuses.
From the sources (5 posts)
@matthew_sigel$APLD +8% AH on new lease >Enters into new agreement for Polaris Forge 3 site with same IG hyperscaler signed at Delta Forge 1: >15-year take or pay contract of $7.5B (up to $18B if all options exercised) for 300MW of critical IT
@theenergymagJUST IN: Applied Digital signs a 15-year, $7.5 billion lease for 300 MW at its Polaris Forge 3 AI Factory campus with a U.S.-based high investment-grade hyperscaler. $APLD
@jperserotrading$APLD Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3
@coinmarketcapLATEST: ⚡️ Applied Digital signed a 15-year, $7.5B lease at its Polaris Forge 3 campus, pushing total contracted revenue to $31B across four AI factory campuses.
@john_stocks1Applied Digital Corporation $APLD Applied Digital surpassed 1 GW of contracted capacity after securing a new 15-year take-or-pay lease with a U.S.-based high investment-grade hyperscaler at its fourth AI Factory campus, Polaris Forge 3. T