Outlook for Another HPC Colocation Contract: Roth Capital Sees Almost Doubling Potential for Applied Digital.

Applied Digital (APLD;i) is a US provider of high-performance data centers for AI and high-performance computing. The company exclusively provides infrastructure such as power supply, cooling, and space. Key customers include hyperscalers, crypto miners, and increasingly AI companies. A crucial milestone is the acquisition of CoreWeave as a major client. Two 15-year lease agreements for 250 MW of IT capacity ensure long-term revenues of approximately $7 billion. After the end of the quarter, CoreWeave exercised an option for an additional 150...