Reported about 9 hours ago
Applied Digital has signed a $5 billion lease agreement with a U.S.-based hyperscaler for 200 MW at its Polaris Forge 2 campus in North Dakota, boosting its total leased capacity to 600 MW. This 15-year deal reflects the company's commitment to meet the growing demand for artificial intelligence computing infrastructure and has resulted in a 4% rise in its shares during premarket trading, contributing to a remarkable 325% increase in shares this year.
Source: YAHOO