APLD is trading about 9% up in after-hours at $42.97, extending its 7.92% regular-session gain. The rally was driven by a major new customer announcement today.
- The company announced a new 15-year lease agreement with an existing U.S.-based, investment-grade hyperscaler for a new 300 MW AI data center campus.
- This new deal brings Applied Digital's total contracted baseline revenue to $31 billion.
- This is the second major agreement with the same unnamed hyperscaler, following a similar deal announced in late April.