http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Wed, 27 May 2026 08:28:35 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2466+at+B.Riley/26554016.html B.Riley analyst Lucas Pipes raised the price target on Applied Digital (NASDAQ: APLD) to $66.00 (from $53.00) while maintaining a Buy rating. http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2466+at+B.Riley/26554016.html Wed, 27 May 2026 08:28:35 -0400 APLD http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Compass+Point/26545946.html (Updated - May 26, 2026 7:34 AM EDT) <p>Compass Point analyst Michael Donovan raised the price target on Applied Digital (NASDAQ: APLD) to $70.00 (from $45.00) while maintaining a Buy rating.</p><p>The analyst commented: "Applied Digital announced a 15-year take-or-pay lease after the market close Wednesday for 300MW of critical IT load at Polaris Forge 3 (PF3), its fourth AI Factory campus, with the same U.S.-based high investment-grade hyperscaler that signed Delta Forge 1 (DF1) in April. The deal adds approximately $7.5B of base-term contracted revenue, or $18.2B if all options are exercised, lifting baseline contracted revenue to $31B across four campuses, http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Compass+Point/26545946.html Tue, 26 May 2026 07:34:41 -0400 APLD http://www.streetinsider.com/Analyst+Comments/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Compass+Point/26545946.html (Updated - May 26, 2026 7:34 AM EDT) <p>Compass Point analyst Michael Donovan raised the price target on Applied Digital (NASDAQ: APLD) to $70.00 (from $45.00) while maintaining a Buy rating.</p><p>The analyst commented: "Applied Digital announced a 15-year take-or-pay lease after the market close Wednesday for 300MW of critical IT load at Polaris Forge 3 (PF3), its fourth AI Factory campus, with the same U.S.-based high investment-grade hyperscaler that signed Delta Forge 1 (DF1) in April. The deal adds approximately $7.5B of base-term contracted revenue, or $18.2B if all options are exercised, lifting baseline contracted revenue to $31B across four campuses, http://www.streetinsider.com/Analyst+Comments/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Compass+Point/26545946.html Tue, 26 May 2026 07:34:41 -0400 APLD http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Compass+Point/26538586.html (Updated - May 22, 2026 7:39 AM EDT) <p>Compass Point analyst Michael Donovan raised the price target on Applied Digital (NASDAQ: APLD) to $70.00 (from $45.00) while maintaining a Buy rating.</p><p>The analyst commented: "Applied Digital announced a 15-year take-or-pay lease after the market close Wednesday for 300MW of critical IT load at Polaris Forge 3 (PF3), its fourth AI Factory campus, with the same U.S.-based high investment-grade hyperscaler that signed Delta Forge 1 (DF1) in April. The deal adds approximately $7.5B of base-term contracted revenue, or $18.2B if all options are exercised, lifting baseline contracted revenue to $31B across four campuses, http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Compass+Point/26538586.html Fri, 22 May 2026 07:39:44 -0400 APLD http://www.streetinsider.com/Analyst+Comments/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Compass+Point/26538586.html (Updated - May 22, 2026 7:39 AM EDT) <p>Compass Point analyst Michael Donovan raised the price target on Applied Digital (NASDAQ: APLD) to $70.00 (from $45.00) while maintaining a Buy rating.</p><p>The analyst commented: "Applied Digital announced a 15-year take-or-pay lease after the market close Wednesday for 300MW of critical IT load at Polaris Forge 3 (PF3), its fourth AI Factory campus, with the same U.S.-based high investment-grade hyperscaler that signed Delta Forge 1 (DF1) in April. The deal adds approximately $7.5B of base-term contracted revenue, or $18.2B if all options are exercised, lifting baseline contracted revenue to $31B across four campuses, http://www.streetinsider.com/Analyst+Comments/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Compass+Point/26538586.html Fri, 22 May 2026 07:39:44 -0400 APLD http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Lake+Street+/26532059.html Lake Street analyst Rob Brown raised the price target on Applied Digital (NASDAQ: APLD) to $70.00 (from $55.00) while maintaining a Buy rating. http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2470+at+Lake+Street+/26532059.html Thu, 21 May 2026 08:40:02 -0400 APLD http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2460+at+Citizens/26531116.html Citizens analyst Gregory Miller raised the price target on Applied Digital (NASDAQ: APLD) to $60.00 (from $40.00) while maintaining a Market Outperform rating. http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2460+at+Citizens/26531116.html Thu, 21 May 2026 06:38:06 -0400 APLD http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2466+at+Needham/26531054.html <p>Needham analyst John Todaro raised the price target on Applied Digital (NASDAQ: APLD) to $66.00 (from $51.00) while maintaining a Buy rating.</p><p>The analyst comments "APLD announced a 300MW lease at Polaris Forge 3 to the same hyperscale customer at Delta Forge 1, and on similar economics & terms (15-year duration, ~$7.5B in contracted revenue; similar NOI margin). We were pleasantly surprised with how fast the customer signed add'l capacity (less than 30 days), and APLD is currently marketing more sites to this customer. APLD now has 1.7GW in total with 1.3GW of that coming from additional pipeline capacity that was http://www.streetinsider.com/Analyst+PT+Change/Applied+Digital+%28APLD%29+PT+Raised+to+%2466+at+Needham/26531054.html Thu, 21 May 2026 06:28:17 -0400 APLD http://www.streetinsider.com/Analyst+Comments/Applied+Digital+%28APLD%29+PT+Raised+to+%2466+at+Needham/26531054.html <p>Needham analyst John Todaro raised the price target on Applied Digital (NASDAQ: APLD) to $66.00 (from $51.00) while maintaining a Buy rating.</p><p>The analyst comments "APLD announced a 300MW lease at Polaris Forge 3 to the same hyperscale customer at Delta Forge 1, and on similar economics & terms (15-year duration, ~$7.5B in contracted revenue; similar NOI margin). We were pleasantly surprised with how fast the customer signed add'l capacity (less than 30 days), and APLD is currently marketing more sites to this customer. APLD now has 1.7GW in total with 1.3GW of that coming from additional pipeline capacity that was http://www.streetinsider.com/Analyst+Comments/Applied+Digital+%28APLD%29+PT+Raised+to+%2466+at+Needham/26531054.html Thu, 21 May 2026 06:28:17 -0400 APLD http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Special+Reports/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html <p><strong>After-hours movers:</strong></p><p><strong>NVIDIA</strong> (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.</p><p><strong>Intuit</strong> (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. http://www.streetinsider.com/Hot+List/After-hours+movers%3A+NVDA%2C+INTU%2C+ELF%2C+URBN%2C+APLD/26528967.html Wed, 20 May 2026 16:34:10 -0400 APLD ELF INTU NVDA URBN http://www.streetinsider.com/Corporate+News/Applied+Digital+signs+%247.5+billion+lease+deal+for+fourth+AI+campus/26528570.html <p>Applied Digital (NASDAQ: APLD) announced a 15-year lease agreement with a U.S.-based hyperscaler for its fourth AI data center campus, Polaris Forge 3. The deal is valued at approximately $7.5 billion in base-term contracted revenue, with potential value reaching $18.2 billion if all renewal options are exercised.</p><p>The new campus will deliver 300 MW of critical IT load and is located in a northern state, supported by approximately 430 MW of grid-connected utility power. This marks the second lease agreement between Applied Digital and the same hyperscaler, following their previous deal at Delta Forge 1 in April 2026.</p><p>The agreement brings Applied http://www.streetinsider.com/Corporate+News/Applied+Digital+signs+%247.5+billion+lease+deal+for+fourth+AI+campus/26528570.html Wed, 20 May 2026 16:16:03 -0400 APLD http://www.streetinsider.com/Hot+Corp.+News/Applied+Digital+signs+%247.5+billion+lease+deal+for+fourth+AI+campus/26528570.html <p>Applied Digital (NASDAQ: APLD) announced a 15-year lease agreement with a U.S.-based hyperscaler for its fourth AI data center campus, Polaris Forge 3. The deal is valued at approximately $7.5 billion in base-term contracted revenue, with potential value reaching $18.2 billion if all renewal options are exercised.</p><p>The new campus will deliver 300 MW of critical IT load and is located in a northern state, supported by approximately 430 MW of grid-connected utility power. This marks the second lease agreement between Applied Digital and the same hyperscaler, following their previous deal at Delta Forge 1 in April 2026.</p><p>The agreement brings Applied http://www.streetinsider.com/Hot+Corp.+News/Applied+Digital+signs+%247.5+billion+lease+deal+for+fourth+AI+campus/26528570.html Wed, 20 May 2026 16:16:03 -0400 APLD http://www.streetinsider.com/Press+Releases/Applied+Digital+Reaches+Significant+Milestone%2C+Surpassing+1+GW+of+Contracted+Capacity+with+U.S.+Based+High+Investment-Grade+Hyperscaler+Lease+at+Fourth+Campus%2C+Polaris+Forge+3/26528501.html <p><strong>New 15-Year Take-or-Pay Lease Brings Total Contracted Baseline Revenue to $31 Billion, $73 Billion if All Renewal Options are exercised</strong></p><p align="justify">DALLAS, May 20, 2026 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads, today announced it has entered into a long-term lease agreement with the same U.S. based high investment-grade hyperscaler that previously signed at <a href="https://www.globenewswire.com/Tracker?data=LTiY3heQesaVWhKHxoaHre5zNrKzQnUaEAN40_aQu3KDCmV0XT0JytKdKWXzhHuOrW-yqWzozfcGQhDbs2ADjIPnVhrWXa2CLniFqmmB_3K73xD3ytnrJjMW7yu-5jPPclvrkhKYQ5pMXdv25HfMrQAEadD_ocyrYELf2opcvN59jBv6icigwaolPAxnbfZvmuA46IqcvYdgR3W689cMaQ==" rel="nofollow" target="_blank"><u>Delta Forge 1</u></a>. The agreement is for the Company’s fourth AI Factory campus, Polaris Forge 3, located in a northern http://www.streetinsider.com/Press+Releases/Applied+Digital+Reaches+Significant+Milestone%2C+Surpassing+1+GW+of+Contracted+Capacity+with+U.S.+Based+High+Investment-Grade+Hyperscaler+Lease+at+Fourth+Campus%2C+Polaris+Forge+3/26528501.html Wed, 20 May 2026 16:15:00 -0400 APLD APLD http://www.streetinsider.com/Press+Releases/Applied+Digital+Reaches+Significant+Milestone%2C+Surpassing+1+GW+of+Contracted+Capacity+with+U.S.+Based+High+Investment-Grade+Hyperscaler+Lease+at+Fourth+Campus%2C+Polaris+Forge+3/26528501.html <p><strong>New 15-Year Take-or-Pay Lease Brings Total Contracted Baseline Revenue to $31 Billion, $73 Billion if All Renewal Options are exercised</strong></p><p align="justify">DALLAS, May 20, 2026 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads, today announced it has entered into a long-term lease agreement with the same U.S. based high investment-grade hyperscaler that previously signed at <a href="https://www.globenewswire.com/Tracker?data=LTiY3heQesaVWhKHxoaHre5zNrKzQnUaEAN40_aQu3KDCmV0XT0JytKdKWXzhHuOrW-yqWzozfcGQhDbs2ADjIPnVhrWXa2CLniFqmmB_3K73xD3ytnrJjMW7yu-5jPPclvrkhKYQ5pMXdv25HfMrQAEadD_ocyrYELf2opcvN59jBv6icigwaolPAxnbfZvmuA46IqcvYdgR3W689cMaQ==" rel="nofollow" target="_blank"><u>Delta Forge 1</u></a>. The agreement is for the Company’s fourth AI Factory campus, Polaris Forge 3, located in a northern http://www.streetinsider.com/Press+Releases/Applied+Digital+Reaches+Significant+Milestone%2C+Surpassing+1+GW+of+Contracted+Capacity+with+U.S.+Based+High+Investment-Grade+Hyperscaler+Lease+at+Fourth+Campus%2C+Polaris+Forge+3/26528501.html Wed, 20 May 2026 16:15:00 -0400 APLD APLD http://www.streetinsider.com/Globe+Newswire/Applied+Digital+Reaches+Significant+Milestone%2C+Surpassing+1+GW+of+Contracted+Capacity+with+U.S.+Based+High+Investment-Grade+Hyperscaler+Lease+at+Fourth+Campus%2C+Polaris+Forge+3/26528501.html <p><strong>New 15-Year Take-or-Pay Lease Brings Total Contracted Baseline Revenue to $31 Billion, $73 Billion if All Renewal Options are exercised</strong></p><p align="justify">DALLAS, May 20, 2026 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads, today announced it has entered into a long-term lease agreement with the same U.S. based high investment-grade hyperscaler that previously signed at <a href="https://www.globenewswire.com/Tracker?data=LTiY3heQesaVWhKHxoaHre5zNrKzQnUaEAN40_aQu3KDCmV0XT0JytKdKWXzhHuOrW-yqWzozfcGQhDbs2ADjIPnVhrWXa2CLniFqmmB_3K73xD3ytnrJjMW7yu-5jPPclvrkhKYQ5pMXdv25HfMrQAEadD_ocyrYELf2opcvN59jBv6icigwaolPAxnbfZvmuA46IqcvYdgR3W689cMaQ==" rel="nofollow" target="_blank"><u>Delta Forge 1</u></a>. The agreement is for the Company’s fourth AI Factory campus, Polaris Forge 3, located in a northern http://www.streetinsider.com/Globe+Newswire/Applied+Digital+Reaches+Significant+Milestone%2C+Surpassing+1+GW+of+Contracted+Capacity+with+U.S.+Based+High+Investment-Grade+Hyperscaler+Lease+at+Fourth+Campus%2C+Polaris+Forge+3/26528501.html Wed, 20 May 2026 16:15:00 -0400 APLD APLD http://www.streetinsider.com/Globe+Newswire/Applied+Digital+Reaches+Significant+Milestone%2C+Surpassing+1+GW+of+Contracted+Capacity+with+U.S.+Based+High+Investment-Grade+Hyperscaler+Lease+at+Fourth+Campus%2C+Polaris+Forge+3/26528501.html <p><strong>New 15-Year Take-or-Pay Lease Brings Total Contracted Baseline Revenue to $31 Billion, $73 Billion if All Renewal Options are exercised</strong></p><p align="justify">DALLAS, May 20, 2026 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads, today announced it has entered into a long-term lease agreement with the same U.S. based high investment-grade hyperscaler that previously signed at <a href="https://www.globenewswire.com/Tracker?data=LTiY3heQesaVWhKHxoaHre5zNrKzQnUaEAN40_aQu3KDCmV0XT0JytKdKWXzhHuOrW-yqWzozfcGQhDbs2ADjIPnVhrWXa2CLniFqmmB_3K73xD3ytnrJjMW7yu-5jPPclvrkhKYQ5pMXdv25HfMrQAEadD_ocyrYELf2opcvN59jBv6icigwaolPAxnbfZvmuA46IqcvYdgR3W689cMaQ==" rel="nofollow" target="_blank"><u>Delta Forge 1</u></a>. The agreement is for the Company’s fourth AI Factory campus, Polaris Forge 3, located in a northern http://www.streetinsider.com/Globe+Newswire/Applied+Digital+Reaches+Significant+Milestone%2C+Surpassing+1+GW+of+Contracted+Capacity+with+U.S.+Based+High+Investment-Grade+Hyperscaler+Lease+at+Fourth+Campus%2C+Polaris+Forge+3/26528501.html Wed, 20 May 2026 16:15:00 -0400 APLD APLD