The CEO of APLD believes that high demand will push AI data center lease prices up by more than 15% as they expand by 250MW.

Oct 8, 2026, 7:14 AM ETResultsRead the original at Benzinga

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Applied Digital expects leases for 250 MW at rates more than 15% above earlier contracts, which could lift sales. It reported an adjusted loss, and these leases are not secured yet.

APLD · Applied Digital Corp.

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Higher rent on its existing campuses could bring in more money without relying only on new buildings. Power limits and tougher permits make those sites harder to replace. Quarterly sales rose, but the company still reported an adjusted loss of $0.01 per share. The higher lease rates and added capacity remain plans, not completed deals or operating sites.

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