Applied Digital signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site, a deal expected to generate about $5.2 billion in revenue over the term. The agreement points to durable demand for AI-related data center capacity and materially improves the company’s long-term revenue visibility. Shares rose 8.7% in extended trading on the announcement.
Applied Digital signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site, a deal expected to generate about $5.2 billion in revenue over the term. The agreement points to durable demand for AI-related data center capacity and materially improves the company’s long-term revenue visibility. Shares rose 8.7% in extended trading on the announcement.
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