Applied Digital (APLD): 15-Year Deal With CoreWeave Excites Experts!

Applied Digital Corp. (APLD) has entered into two approximately 15-year leasing agreements with CoreWeave, a cloud service provider specializing in artificial intelligence (AI) and backed by Nvidia, according to a report dated June 2. Under these agreements, Applied Digital will provide 250 megawatts (MW) of computing power at its Ellendale campus in North Dakota. The contracts have an estimated total value of about $7 billion over the term. CoreWeave also retains the option to utilize an additional 150 MW, which could increase the total power...