Core Insights - Applied Digital has commenced construction on Delta Forge 1, an AI Factory campus designed to support an initial 430 MW of total utility power across two buildings, with significant scalability potential [1][2][4] Company Overview - Applied Digital specializes in designing, building, and operating high-performance, sustainably engineered data centers and colocation services tailored for artificial intelligence, cloud, networking, and blockchain workloads [7] - The company is headquartered in Dallas, TX, and was founded in 2021, recognized as the Best Data Center in the Americas 2025 by Datacloud [7] Project Details - Delta Forge 1 will initially consist of two 150-MW facilities covering over 500 acres, expected to create more than 200 full-time jobs and additional long-term contractor positions [3] - The campus is engineered to support advanced cooling and operational requirements for large-scale AI workloads, ensuring reliability and efficiency [2][4] Strategic Importance - Delta Forge 1 represents a critical growth phase for Applied Digital, addressing the increasing demand for AI infrastructure by integrating power, cooling, and operations effectively [4] - The project is expected to leverage the company's proprietary AI Factory blueprint, which has been refined through previous campuses, allowing for consistent and precise replication across markets [6] Market Demand - There is strong demand for purpose-built AI infrastructure capable of supporting high-density workloads, as evidenced by ongoing discussions with prospective investment-grade hyperscale customers [5]