- Applied Digital shares rose more than 7% in after-hours trading after the company said it surpassed 1 gigawatt of contracted capacity for its AI-focused data centers.
- The Polaris Forge 3 lease runs 15 years on a take-or-pay basis with the same US-based, high investment-grade hyperscaler that previously committed to the Delta Forge 1 campus in April, covering 300 MW of critical IT load on roughly 430 MW of utility power.
- Total contracted lease revenue across four AI Factory campuses now stands at $31 billion, or $73 billion including all renewal options, with roughly 65% backed by investment-grade hyperscalers.
- Total contracted capacity is 1,200 MW of critical IT load and approximately 1,670 MW of utility power; Polaris Forge 3 spans more than 600 acres, uses the company's proprietary waterless cooling, and begins initial operations in August 2027.
- Retail sentiment on Stocktwits shifted from bearish to bullish territory over 24 hours, with users arguing APLD should trade above rival IREN, which carries an $18.84 billion market cap versus APLD's $11.29 billion.
- APLD stock has gained 487% over the past 12 months as the former Bitcoin miner pivoted into AI and high-performance computing data-center infrastructure.
Quotes
“Total contracted capacity now stands at 1,200 MW of critical IT load and approximately 1,670 MW of utility power.”
“APLD stock has gained 487% over the past 12 months.”