Applied Digital, headquartered in Dallas, Texas, develops and operates data centers for AI cloud services, high-performance computing, and crypto hosting, employing 121 staff since its IPO in 2002. The company is exploring potential power sources in North Dakota and Texas.
APLD has been in the news recently: High-rolling investors are optimistic about Applied Digital (APLD), with significant stock gains following the company's long-term lease agreements with CoreWeave that could generate $7 billion in revenue over 15 years. In contrast, U.S. stocks experienced mixed results on the same day, with the Dow Jones index declining by about 200 points.
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