Breakthrough for Applied Digital: 1-Gigawatt Milestone and Massive Price Target Upgrade

Milestone in Capacity Expansion: The Polaris Forge 3 Deal On May 20, 2026, Applied Digital (APLD) announced a significant achievement. The company signed a 15-year "Take-or-Pay" lease agreement with a U.S. hyperscaler for its fourth AI campus, Polaris Forge 3. With this deal, APLD exceeds the important threshold of 1 gigawatt of contracted capacity. According to recent data, the deal generates guaranteed base revenues of $7.5 billion, which could sum up to $18.2 billion with extension options. Management sees this as confirmation that its strategy...