Applied Digital becomes landlord for Big Tech AI buildout
The 210 MW lease at Delta Forge 2 will power AI data center expansion.
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Digital infrastructure provider for AI and hyperscale computing
applieddigital.comLast updated
In short: Applied Digital secured multibillion-dollar leases and significant financing to expand its AI data center infrastructure across the United States.
The 210 MW lease at Delta Forge 2 will power AI data center expansion.
The campus will add 300 MW of AI infrastructure and create hundreds of permanent jobs plus 1,000 construction jobs.
The notes will fund construction of the fourth building at Polaris Forge 1 and repay a bridge loan, plus cover reserves and expenses.
The 15-year lease with a U.S. hyperscaler adds a fifth AI factory campus, bringing total contracted revenue to $36 billion.
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