Applied Digital lands $7.5 billion hyperscaler tenant lease
The 15-year deal at Delta Forge 1 campus reinforces its AI infrastructure strategy.
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Digital infrastructure provider for AI and hyperscale computing
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In short: Applied Digital accelerated its AI infrastructure expansion by securing a $7.5 billion hyperscaler lease and pricing $2.35 billion in senior notes.
The 15-year deal at Delta Forge 1 campus reinforces its AI infrastructure strategy.
The cloud business becomes ChronoScale, an independent public company trading on Nasdaq.
The facility funds development of its third AI data center in North Dakota.
The 15-year lease adds $7.5 billion in contracted revenue, expanding total to over $23 billion.
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