Applied Digital secures a long-term lease with a high-grade hyperscaler, boosting its AI infrastructure capacity by 210 MW.
Applied Digital (APLD) shares rose 8% in after-hours trading after announcing a 210 MW lease agreement for critical IT load with a U.S.-based hyperscaler. The deal strengthens the company’s position in the AI data center market, marking its fifth ‘AI Factory’ facility.
The agreement follows growing demand for high-performance computing infrastructure, driven by AI and cloud services. Prior to this, APLD had expanded its capacity through similar long-term leases, reflecting a broader industry trend toward scaling AI-related operations.
The market reaction underscores investor confidence in APLD’s ability to secure major clients amid rising competition in the data center sector.