On May 21, Applied Digital rose 7.84% in regular trading, trading at $45.07/share, with trading volume of approximately $229 million. The stock surged after the company announced a landmark lease agreement for its fourth AI factory campus.

Applied Digital disclosed a new 15-year take-or-pay lease agreement for its Polaris Forge 3 campus with the same US investment-grade hyperscale cloud operator that previously signed for Delta Forge 1. The new facility, located in a northern US state, is designed to deliver 300 megawatts of critical IT load supported by approximately 430 megawatts of grid-connected utility power, tailored for large-scale AI training and inference workloads. Following this signing, total contracted lease revenue across Applied Digital's four AI factory campuses has risen to $31 billion, with potential value reaching $73 billion if all renewal options are exercised. Management stated the deal validates the company's disciplined, repeatable AI factory model and its capability to continuously advance large-scale AI infrastructure projects.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)