Applied Digital secured a $7.5 billion long-term lease with an unnamed US hyperscaler for 300 megawatts of computing capacity at its Delta Forge one site, also seeking $600 million in financing.
Why it matters
This deal underscores the immense and growing demand for specialized computing infrastructure required to power advanced AI models and applications. Hyperscalers are making massive investments in data centers capable of handling the intensive computational loads of AI, indicating a significant expansion phase for AI development and deployment. It highlights the substantial financial and physical infrastructure necessary to support the ongoing AI revolution.
A company called Applied Digital just signed a huge $7.5 billion deal to provide a lot of computing power to a major US tech company that uses AI. This means they're building massive data centers specifically designed to run complex AI programs, showing how much infrastructure is needed to power the AI boom.
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