Applied Digital leaps on $5.2 billion deal with undisclosed US hyperscaler
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Applied Digital's stock surged over 11% in premarket trading following a new lease agreement with an undisclosed US hyperscaler. The deal, valued at least $5.2 billion over 15 years with potential renewal options reaching $12.7 billion, covers 210 MW of IT load at the Delta Forge 2 AI Factory campus. Operations are expected to begin in Q1 2028, bringing the company's total base-term lease revenue to $36 billion.
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