Applied Digital lands $5B in backing to supercharge its Ellendale campus build-out and chase hyperscale infrastructure dominance.
Applied Digital (APLD) became a massive winner after inking a 15-year deal with Coreweave (CRWV). Meanwhile, the company backed by Nvidia (NVDA) pulled back from its substantial rally since its IPO in late March.
Digital infrastructure stock Applied Digital Corp (NASDAQ:APLD) was last seen up 29.2% at $13.24, extending this week's rally after the company announced a 15-year, $7 billion deal with cloud service name CoreWeave (CRWV) to help build artificial intelligence (AI) data centers.
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Information Technology Services Industry | Technology Sector | Mr. Wesley Cummins CEO | NASDAQ (NGS) Exchange | 038169207 Cusip |
US Country | 150 Employees | - Last Dividend | 13 Apr 2022 Last Split | - IPO Date |
Applied Digital Corporation, based in Dallas, Texas, is at the forefront of designing, developing, and operating datacenters across North America. Catering to the high-performance computing industry, this company ensures that digital infrastructure solutions are accessible and efficient. Initially known as Applied Blockchain, Inc., the organization transitioned to Applied Digital Corporation in November 2022. This change reflects the company's broadened focus from not just blockchain technology but to a wide range of digital solutions requiring high computational power.
Applied Digital Corporation offers cloud-based services tailored for artificial intelligence operations. These services provide the computational power and infrastructure necessary for AI research, development, and deployment, enabling companies to innovate and scale their AI applications efficiently.
The company specializes in providing hosting services for high performance computing (HPC). These services cater to organizations that require extensive computational capacity for tasks such as scientific research, simulations, and complex calculations. Offering state-of-the-art datacenter infrastructure, Applied Digital ensures that its clients’ HPC resources are secure, reliable, and readily accessible.
With its roots as Applied Blockchain, Inc., Applied Digital Corporation continues to support the cryptocurrency industry by offering specialized hosting services for crypto mining operations. These services are designed to provide the necessary environment for efficient and profitable cryptocurrency mining, leveraging the company's expertise and infrastructure to benefit clients in the digital currency space.