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flag Applied Digital lands $5B, 15-year AI data center deal in North Dakota, boosting total leased capacity to 600 MW.

flag Applied Digital has secured a $5 billion, 15-year lease with a U.S.-based hyperscaler for 200 MW of AI infrastructure at its Polaris Forge 2 campus in North Dakota, bringing its total leased capacity in the state to 600 MW. flag The deal, part of the company’s AI Factory model, supports its expansion to meet surging demand for AI computing. flag This follows an earlier agreement with CoreWeave for 150 MW. flag The announcement boosted the company’s stock, which has risen over 325% this year, reflecting strong investor confidence in its data center growth strategy.

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