On June 15, Applied Digital rose 5.11% overnight, trading at $44.68 per share, with turnover of $1.1793 million.
On the news front, the company recently signed a 15-year lease agreement with a U.S. investment-grade hyperscale cloud provider covering 210 megawatts of computing capacity at its new AI Factory campus Delta Forge 2, expected to generate approximately $5.2 billion in base revenue. The agreement expands its AI Factory franchise model to a fifth campus, bringing the total contracted portfolio to approximately $36 billion. Additionally, the company secured a $550 million revolving credit facility and announced plans to issue $1.59 billion in senior secured notes to fund data center expansion at its Polaris Forge 1 facility in North Dakota. Multiple financing and contract catalysts continue to reinforce market confidence in the company's AI data center business expansion prospects.
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