Applied Digital: Long-Term Hyperscaler Contracts Come into Focus

Applied Digital Corporation is a Dallas, Texas-based company specializing in the development, construction, and operation of digital infrastructure, particularly high-performance data centers for high-performance computing and artificial intelligence in North America. The business model includes leasing capacity to large cloud and hyperscale customers as well as GPU cloud services and hosting solutions for demanding workloads such as machine learning. In recent years, the company has seen significant growth, partly through multi-year leases with...