Applied Digital Corp (NASDAQ:APLD) shares are moving higher in Monday's after-hours session after the company signed a lease agreement for Delta Forge 2.
Applied Digital stock is among today's top performers.
Why is APLD stock surging?
Applied Digital Signs 210 MW Lease Applied Digital has entered into a new long-term lease agreement with an undisclosed U.S.-based hyperscaler.
The agreement covers 210 MW of IT load under a 15-year take-or-pay structure, representing $5.2 billion in base revenue.
