⚡️ Delta Forge 1: APLD’s Big Bet in the AI Data Center Arms Race 🏗️🤖💡
🚀 What’s Happening
Applied Digital (APLD) is building Delta Forge 1, a 430 MW AI data center campus in the U.S. South. It’s designed to power the next wave of AI inferencing workloads, positioning APLD as a major player in the hyperscale infrastructure race.
- Scale & Design: Two facilities, each 150 MW, optimized for high-density AI compute.
- Strategic Model: Based on APLD’s “AI Factory” blueprint, refined from earlier campuses.
- Timeline: Operations expected to begin mid-2027.
- Jobs & Impact: Over 200+ full-time roles created.
💰 Financials
- Revenue Surge: $126.6M in Q2 2026 (+250% YoY).
- Debt Load: $2.6B debt vs. $2.3B cash reserves.
- Backlog Strength: $16B in contracted revenue, including $11B from CoreWeave.
🌐 Industry Context
- AI data centers projected to hit 124 GW capacity by 2030.
- Inferencing demand expected to dominate (98% of execs agree).
- Sector faces 67% distress rate among REITs and builders.
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