Applied Digital signs $7.5B AI data center lease with unnamed tech giant

Applied Digital has signed a 15-year lease worth $7.5 billion with an unnamed technology company for its Delta Forge 1 AI data center campus. The deal pushes the company's total contracted lease revenue to over $23 billion, marking a significant expansion in AI infrastructure. The lease covers the entire capacity of the Delta Forge 1 facility, which is designed to support high-density AI workloads. Applied Digital specializes in building and operating data centers for AI and cloud computing. The identity of the tenant has not been disclosed, but industry speculation points to a major hyperscaler. This agreement reflects the surging demand for AI computing power and data center capacity.