Applied Digital Secures $7.5 Billion AI Infrastructure Deal with U.S. Hyperscaler

Applied Digital (NASDAQ: APLD) has entered into a strategic 15-year lease agreement with an unnamed U.S.-based hyperscaler, focusing on the company's Delta Forge 1 AI factory. The deal underscores the accelerating demand for specialized, high-capacity computing resources required to support the current artificial intelligence expansion. Under the terms of the agreement, Applied Digital will supply 300 megawatts (MW) of AI and high-performance computing (HPC) infrastructure. The contract is valued at up to $7.5 billion, marking the second time the firm has secured a partnership with a major U.S. cloud services provider. This latest deal brings the company's total contracted lease revenue to more than $23 billion. The Delta Forge 1 campus, spanning 500 acres with a total capacity of 430 MW, was specifically engineered to handle the rigorous power and cooling requirements of AI model training and inference workloads. The facility's advanced infrastructure is designed to meet the scale required by the world's largest cloud operators. CEO Wes Cummins stated that the company remains focused on operational execution and bringing capacity online according to schedule. Applied Digital expects the Delta Forge 1 facility to begin initial operations in mid-2027. The market responded positively to the news, with shares of APLD spiking following the announcement.