Pivotal Point Tracking Applied Digital (APLD): $7.5 Billion Hyperscaler Deal Secures 300 MW Capacity for New AI Factory

Applied Digital designs, builds, and operates state-of-the-art data centers for AI, cloud, and blockchain applications. On May 21, the stock experienced a massive surge after the company announced a long-term 15-year lease agreement for 300 megawatts of power with a US hyperscaler for its fourth campus, Polaris Forge 3. The deal brings in approximately $7.5 billion in guaranteed base revenue. This increases the contractually secured total revenues of the four AI factories to $31 billion, or up to $73 billion if all options are exercised. The data...