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Applied Digital Secures $5.2B AI Data Center Deal
9 Jun
Summary
- Applied Digital signs a 15-year lease for 210 megawatts of capacity.
- The deal is expected to generate $5.2 billion in revenue over 15 years.
- The new facility will begin operations in the first quarter of 2028.
Applied Digital has finalized a 15-year lease agreement with a U.S.-based hyperscaler at its Delta Forge 2 site. This significant deal is anticipated to generate around $5.2 billion in revenue over the lease period.
The agreement encompasses 210 megawatts of computing capacity, utilizing Applied Digital's waterless cooling technology and high-power density infrastructure tailored for artificial intelligence workloads. Initial operations at the Delta Forge 2 campus are scheduled to begin in the first quarter of 2028.
This new contract underscores the increasing demand for data center capacity driven by the growth of powerful AI models. Approximately 70% of Applied Digital's contracted revenue is now backed by U.S.-based investment-grade hyperscalers.
