Applied Digital Corporation Secures $7.5B Lease Deal, Pushing Total Contracted Revenue To $31B

Foreign Policy Journal

Foreign Policy Journal

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May 28, 2026

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Applied Digital Corporation Secures $7.5B Lease Deal, Pushing Total Contracted Revenue To $31B

Applied Digital Corporation (NASDAQ: APLD) is drawing significant investor attention following the announcement of a major new lease agreement worth 7.5 billion in contracted revenue. On May 20, Applied Digital Corporation (NASDAQ: APLD) announced a long-term lease agreement for its Polaris Forge 3 AI data center campus with a U.S.-based investment-grade hyperscaler previously involved in [] The post Applied Digital Corporation Secures 7.5B Lease Deal, Pushing Total Contracted Revenue To 31B appeared first on Foreign Policy Journal.

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