Applied Digital signs 210 MW lease at Delta Forge 2; total contracted revenue reaches $36B

Applied Digital Corp.

New 15-year take-or-pay lease with U.S. investment-grade hyperscaler for 210 MW critical IT load.
Base-term contracted revenue ~$5.2B; ~$12.7B if all renewal options exercised over 30 years.
Total contracted portfolio now 1.4 GW IT load across five AI Factory campuses; ~$36B base revenue.
Approximately 70% of contracted revenue backed by U.S. investment-grade hyperscalers.
Initial operations at Delta Forge 2 expected to commence Q1 2028.

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