Applied Digital signs $5 billion AI infrastructure lease with hyperscaler

Core Insights - Applied Digital signed a $5 billion lease with a U.S.-based hyperscaler for 200 MW at its Polaris Forge 2 campus in North Dakota, resulting in a 4% increase in its shares during premarket trading [1] Company Summary - The lease agreement is significant, indicating strong demand for data center capacity and services [1] - The Polaris Forge 2 campus is positioned to support the growing needs of hyperscale cloud providers [1] Industry Implications - The deal reflects the ongoing expansion in the data center industry, particularly driven by hyperscale operators [1] - The investment highlights the competitive landscape among data center providers to secure large-scale leases [1]