Company now working on fifth AI campus, three leased to single unnamed hyperscaler

Applied Digital signed a 15-year, $7.5B lease for 300 MW at its Delta Forge 1 AI campus, pushing total contracted revenue past $23B. APLD shares rose 8%.

Company now working on fifth AI campus, three leased to single unnamed hyperscaler

Applied also completes spin-out of cloud business

Applied Digital extended its rally after a $7.5 billion AI data center lease and continued infrastructure expansion.