Stock Track | Applied Digital Soars 8.81% in Pre-Market on Major $7.5 Billion Hyperscaler Lease Agreement

Stock Track

May 21

Applied Digital Corporation's stock surged 8.81% in pre-market trading on Thursday, following a positive after-hours session on Wednesday.

The sharp rise comes after the company announced it has entered into a landmark 15-year take-or-pay lease agreement with a U.S.-based high investment-grade hyperscaler for its fourth AI Factory campus, Polaris Forge 3. The agreement is valued at approximately $7.5 billion in base-term contracted revenue, with the potential to reach about $18.2 billion if all renewal options are exercised.

This transaction brings Applied Digital's total contracted lease revenue across its four campuses to $31 billion, potentially rising to $73 billion with renewals, while expanding its total contracted capacity to 1,200 MW of critical IT load. The deal represents the company's second long-term lease with this hyperscaler, further solidifying their strategic relationship and Applied Digital's position in the AI infrastructure market.

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The agreement is valued at approximately $7.5 billion in base-term contracted revenue, with the potential to reach about $18.2 billion if all renewal options are exercised.</p><p>This transaction brings Applied Digital's total contracted lease revenue across its four campuses to $31 billion, potentially rising to $73 billion with renewals, while expanding its total contracted capacity to 1,200 MW of critical IT load. The deal represents the company's second long-term lease with this hyperscaler, further solidifying their strategic relationship and Applied Digital's position in the AI infrastructure market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APLD","symbol_name":"APPLIED DIGITAL CORP","start_time":0,"source_url":"","article_id":"1147285424","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147285424","pubTimestamp":1779350732,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Applied Digital Corporation's stock surged 8.81% in pre-market trading on Thursday, following a positive after-hours session on Wednesday.The sharp rise comes after the company announced it has...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"APLD":"APPLIED DIGITAL CORP"},"translate_title":"个股追踪|75亿美元超大规模租赁协议应用数字盘前飙升8.81%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APLD":1},"content_text":"Applied Digital Corporation's stock surged 8.81% in pre-market trading on Thursday, following a positive after-hours session on Wednesday.The sharp rise comes after the company announced it has entered into a landmark 15-year take-or-pay lease agreement with a U.S.-based high investment-grade hyperscaler for its fourth AI Factory campus, Polaris Forge 3. 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