Summary by Moomoo AI
On June 14, 2024, Super Micro Computer, Inc. entered into a significant agreement with 4701 Santa Fe, LLC to lease data center space in Vernon, California. The Master Colocation Services Agreement (MCSA) outlines the general terms for leasing data center spaces, which will be further detailed in individual service orders. Alongside the MCSA, Super Micro Computer also signed a Service Order to lease 21 MW of space for a 10-year term, with financial commitments estimated at $600 million. This includes monthly charges, power, and other costs. Additionally, the company has entered into a Sublicense with Lambda, Inc., where Lambda will assume all rights and obligations of the leased space, including monthly charges and other costs payable to the supplier. The agreement also contains provisions for accelerated payments by the supplier in case of default, with Super Micro Computer retaining the right to seek reimbursement from Lambda under such circumstances.