- Applied Digital's Delta Forge 2 agreement covers 210 MW of critical IT load under a take-or-pay structure, with operations expected to begin in Q1 2028.
- The company reported fiscal Q4 2026 revenue of $258.7 million, up 407% year over year, driven by HPC tenant fit-out services and data-center hosting.
- Management cited about 1.4 GW of contracted critical IT load and expects to reach its $1 billion annual net operating income target roughly three years ahead of schedule.
Quotes
“Two years ago, we made a deliberate decision to build a company that scales, not just builds data centers”