Applied Digital reported Q4 earnings and revenue above expectations, highlighting its role as a major beneficiary of the AI-driven data center investment boom. The company's gross margin is improving due to a shift toward higher-margin data center lease revenues and full operation of its Polaris Forge campus. With a contracted backlog of $35.7 billion, potentially rising to $85.7 billion with lease extensions, Applied Digital has strong long-term growth visibility. Analysts recommend building a position after recent price corrections, citing secular capital expenditure trends and potential for stock revaluation.
Shares of Bitcoin miner TeraWulf rose 7% following a sector-wide rebound after a recent selloff attributed to profit taking. Applied Digital also gained 4%, while IREN showed minimal movement, suggesting the rally is driven by sector flow rather than...
Three former Bitcoin mining companies—Applied Digital, IREN, and TeraWulf—are transforming their power-advantaged sites into AI infrastructure hubs by leasing capacity to hyperscalers and AI labs. This shift addresses a critical bottleneck: secured m...
Shares of TeraWulf, Applied Digital, and IREN fell between 2% and 4% on September 10, 2026, following a strong year-to-date rally, with TeraWulf up 44%. The decline appears to be routine profit-taking rather than a reaction to company news or broader...
IREN, transitioning from Bitcoin mining to AI cloud infrastructure, secured a $3.4B AI Cloud contract with NVIDIA and a $2.1B NVIDIA investment commitment to scale up to 600,000 GPUs. Despite a recent quarterly revenue miss and a net loss due to mini...
