Data · Datacenter Dynamics
Applied Digital lands 300MW lease with hyperscaler at Louisiana data center campus
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AI and cryptomine data center developer Applied Digital has secured a new customer for one of its hyperscale campuses.
Key facts
- In the same announcement, Applied also said it expects to enter into an up to $300 million senior secured bridge facility to fund continued development of the 150MW Building 3 data center located
- The two 15-year leases total 300MW of IT load, and are valued at $7.5 billion
- The company’s Polaris Forge 1 and 2 hyperscale campuses are located in Ellendale and Harwood, North Dakota
- Initial operations at Delta Forge 1 are anticipated to commence in mid-2027
Summary
The company this week announced it has entered into a lease agreement with a new US-based “high investment-grade hyperscaler” for its 430MW Delta Forge 1 data center campus. The two 15-year leases total 300MW of IT load, and are valued at $7.5 billion. "We remain focused on delivering operational AI capacity at scale,” said Wes Cummins, chairman and CEO of Applied Digital. However, an April investor presentation lists the site in Alexandria, Louisiana.