---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-027984"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2026-06-09T21:30:17+00:00"
generated_at: "2026-06-09T21:32:22.298078+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-027984
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2026-06-09T21:30:17+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/0001493152-26-027984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027984
- JSON: https://secwatch.observer/filing/0001493152-26-027984.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027984.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.