Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3
Applied Digital signed a 15-year take-or-pay lease for its Polaris Forge 3 campus with a U.S. high investment-grade hyperscaler, valued at $7.5 billion in base revenue. The deal adds 300 MW of critical IT load, bringing the company’s total contracted capacity to 1.2 GW across four AI Factory campuses.
Key figures
- Deal Value Usd
- 7500000000
- Lease term years
- 15
- Critical it load mw
- 300
- Total utility power mw
- 1670
- Deal value with options
- 18200000000
- Grid connected power mw
- 430
- Total contracted revenue
- 31000000000
- Total contracted capacity mw
- 1200
- Hyperscaler revenue backing pct
- 65
- Total contracted revenue with options
- 73000000000
AI analysis
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