Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3

Applied Digital has signed a $7.5 billion long-term lease agreement with an unnamed U.S.-based hyperscaler for its fourth AI Factory campus, called Polaris Forge 3. The deal represents a significant expansion of the company's data center infrastructure capacity, bringing Applied Digital's total contracted capacity beyond 1 gigawatt across its campus portfolio. The agreement with what the company describes as a "high investment-grade hyperscaler" suggests the facility will support large-scale cloud computing and artificial intelligence workloads. The Polaris Forge 3 campus joins Applied Digital's growing network of specialized data center facilities designed to handle high-performance computing demands. While the company has not disclosed the identity of the hyperscaler client, the substantial financial commitment and multi-gigawatt scale indicates this partnership involves one of the major cloud service providers seeking dedicated infrastructure for AI training and inference operations. The milestone reflects the growing demand for purpose-built data center capacity to support the expanding artificial intelligence sector.