Applied Digital climbs after signing 15-year data center lease

Applied Digital

23/04/2026 14:37

Updates

** Data center operator Applied Digital's APLD.O shares rise 10.7% to $35.90

** Co announces new hyperscaler tenant at Delta Forge 1, its 430-megawatt AI factory campus

** Lease represents ~$7.5 bln in total contracted value over 15 years and covers 300 megawatts of critical IT load

** Addition of tenant expands total contracted lease revenue to over $23 bln

** Initial operations at Delta Forge 1 expected to start mid-2027

** Up to last close, stock has risen 32.3% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))