Applied Digital on Wednesday signed a $5 billion lease with a U.S.-based hyperscaler for 200 MW at its Polaris Forge 2 campus in North Dakota, sending its shares…
AI
Applied Digital signs $5 billion AI infrastructure lease with hyperscaler
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Synopsis
Applied Digital has secured a significant $5 billion lease agreement for 200 megawatts of artificial intelligence compute capacity in North Dakota. This deal, spanning approximately 15 years, underscores the company’s expansion to meet growing demand for AI infrastructure. The agreement boosts Applied Digital’s total leased capacity in the state to 600 megawatts.
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