Applied Digital Corporation (FLH0)
XSTU 
Summary
FLH0 Chart
Applied Digital Just Got A Seat With The Big Boys: Initiating With A Buy
Applied Digital Corporation's $7 billion, 15-year CoreWeave, Inc. deal marks a transformative revenue boost, signaling entry into the AI infrastructure big leagues. Despite the recent revenue dip, Applied Digital is back on the growth train with a foot in AI. Valuation appears high versus sector medians, but more relevant peers suggest Applied Digital remains undervalued given its growth prospects.
Applied Digital: CoreWeave's AI Deal Lights a $7 Billion Fuse
The company's stock price has seen a significant upward movement, surging nearly 50% on June 2, 2025, and continuing to rise in the pre-market hours of June 3, 2025.
Applied Digital Announces 250MW AI Data Center Lease With CoreWeave in North Dakota
DALLAS, June 02, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD), a designer, builder and operator of next-generation digital infrastructure for HPC applications, has entered into two approximately 15-year lease agreements with CoreWeave , the AI Hyperscaler™. Under the lease agreements, Applied Digital will deliver 250 megawatts (MW) of critical IT load to host CoreWeave's artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus.
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Applied Digital Corporation Profile
| Information Technology Services Industry | Technology Sector | Mr. Wesley Cummins CEO | XSTU Exchange | US0381692070 ISIN |
| US Country | 150 Employees | - Last Dividend | 13 Apr 2022 Last Split | - IPO Date |
Overview
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.
Products and Services
- Artificial Intelligence Cloud Services
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.
- High Performance Computing Datacenter Hosting
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.
- Crypto Datacenter Hosting
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.
Contact Information
