Applied Digital signs $7.5 billion AI data center lease with US hyperscaler
Applied Digital has signed a $7.5 billion, 15-year lease with a U.S.-based hyperscaler for its Delta Forge 1 data center site. The deal covers 300 megawatts of computing capacity and lifts Applied Digital's total contracted lease revenue to over $23 billion.
Applied Digital has signed a $7.5 billion, 15-year lease with a U.S.-based hyperscaler at its Delta Forge 1 site. The lease covers 300 megawatts of computing capacity at the 430-megawatt site in the southern U.S. The deal makes the customer Applied Digital's second U.S.-based investment-grade hyperscale tenant. Applied Digital's total contracted lease revenue now exceeds $23 billion. The company builds and operates large data centers to support AI and cloud computing. Delta Forge 1 spans over 500 acres and is designed for large-scale AI operations, with initial operations expected to begin in mid-2027.
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