Applied Digital is developing Delta Forge 1, a 430 MW AI factory campus in the United States designed to serve large-scale AI compute workloads. The company builds and operates high-density data center infrastructure tailored to hyperscale and AI customers.
Investors not disclosed; tenant described as a new U.S.-based high investment-grade hyperscaler, name not disclosed
A 430 MW single-campus lease commitment from an investment-grade hyperscaler represents one of the larger announced AI factory tenancy agreements in the current cycle, signaling continued hyperscaler appetite for dedicated AI compute capacity outside their own owned facilities. For Applied Digital, securing a creditworthy anchor tenant at this scale validates the AI factory campus model and provides the contracted revenue base needed to finance construction and attract additional capital.