Applied Digital inks new $7.5 billion lease with hyperscaler it first booked in April
Applied Digital saw its price soar after-hours on news of a long-term lease agreement with the same “investment-grade” hyperscaler it struck a similar deal with in April.
The additional lease for 15 years in a take-or-pay arrangement is valued at $7.5 billion, and could rise to $18.2 billion if all options are exercised, according to the company’s announcement.
This latest contract would bring Applied Digital’s total contracted lease revenue to $31 billion, or $73 billion if all options are taken up.
The company also crowed about passing 1 gigawatt of contracted capacity as it lands a customer for its fourth AI factory campus. The customer in question is not named, nor the exact location, just that the campus is “located in a northern state.”
The additional lease for 15 years in a take-or-pay arrangement is valued at $7.5 billion, and could rise to $18.2 billion if all options are exercised, according to the company’s announcement.
This latest contract would bring Applied Digital’s total contracted lease revenue to $31 billion, or $73 billion if all options are taken up.
The company also crowed about passing 1 gigawatt of contracted capacity as it lands a customer for its fourth AI factory campus. The customer in question is not named, nor the exact location, just that the campus is “located in a northern state.”
