Applied Digital Stock In Focus: Company Signs Fifth AI Campus Deal, Raises $1.59 Billion

Applied Digital Corporation (NASDAQ:APLD) shares are in focus today, a day after the company announced its fifth AI Factory campus lease — continuing a deal-signing streak that has rapidly transformed the Dallas-based data center developer into one of the most active builders of AI infrastructure in the country.
The Deal
After markets closed Monday, Applied Digital announced a new long-term lease at Delta Forge 2, a purpose-built AI Factory campus in an undisclosed southern state. The agreement covers 210 MW of critical IT load under a 15-year take-or-pay structure with renewal options, representing approximately $5.2 billion in base-term contracted revenue — or $12.7 billion if all renewal options are exercised over a 30-year term. The lease is with the same U.S.-based investment-grade hy