secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2026-06-09T21:30:17+00:00
Accession:  0001493152-26-027984
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/0001493152-26-027984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027984

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