Applied Digital Secures Massive $7.5B Lease Agreement for AI Factory Campus

Key Facts

Applied Digital has officially announced a transformative $7.5 billion lease agreement with a high investment-grade hyperscaler for its 430 MW Delta Forge 1 AI factory campus. The contract spans a 15-year term, significantly boosting the company's total revenue backlog to approximately $23 billion. This deal marks the third hyperscaler client for Applied Digital, further validating its specialized infrastructure business model. In response to the milestone, Roth Capital raised its price target for APLD shares to $65. The long-term nature of the agreement ensures revenue stability and highlights the surging demand for large-scale AI and high-performance computing environments. This development represents a critical expansion of the company's footprint in the digital infrastructure sector.

Version History