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Oracle has signed a 15-year lease valued at $2.15 billion for a data center under construction in Harwood, North Dakota. The lease includes potential renewals extending up to 25 years. Applied Digital will maintain ownership of the facility, while Oracle will oversee IT personnel and equipment.

Construction has been ongoing since September, and the lease guarantees funding for completion. Local officials express optimism about the economic benefits this project will bring to the state. The agreement does not affect the existing contract between the city and Applied Digital.