Applied Digital Just Hit 1GW Of Contracted Capacity - Why It Matters
Applied Digital Corporation has achieved a significant milestone by surpassing 1 GW of contracted capacity. This development is part of their transition to a larger AI infrastructure platform, supported by a substantial long-term lease agreement. The company is experiencing strong demand from hyperscale clients, with a notable portion of its revenue linked to investment-grade customers.
- ▪Applied Digital secured a 15-year, $7.5 billion take-or-pay lease at Polaris Forge 3.
- ▪The company has surpassed 1 GW of total contracted IT load.
- ▪65% of Applied Digital's revenue is now tied to investment-grade clients.
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