Applied Digital signs $7.5 billion lease deal for fourth AI campus
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Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3
May 20, 2026 4:15 PM EDTNew 15-Year Take-or-Pay Lease Brings Total Contracted Baseline Revenue to $31 Billion, $73 Billion if All Renewal Options are exercised
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... More
