Applied Digital Becomes the AI Data Center Powerhouse – Mega Deal With CoreWeave Boosts the Stock!

Applied Digital (APLD) plans and builds data centers and has strategically focused on high-performance computing (HPC) for AI applications. The company specializes in colocation services, where AI providers like CoreWeave (CRWV) can rent the necessary infrastructure for their hardware. The cloud business is sold to fully concentrate on the lucrative data center leasing. North Dakota offers ideal conditions for this with low energy costs and cooling advantages. There, electricity costs are about 24% below the national average. A milestone is...