Applied Digital announced a 15-year take-or-pay lease with a U.S.-based high investment-grade hyperscaler for its Polaris Forge 3 AI Factory campus, designed to deliver 300 MW of critical IT load for AI workloads. This deal adds approximately $7.5 billion in contracted revenue, bringing Applied Digital's total contracted baseline revenue to $31 billion across four AI Factory campuses, with potential to reach $73 billion if all renewal options are exercised. The Polaris Forge 3 campus will begin operations in August 2027 and features advanced waterless cooling and high-density power delivery tailored for AI infrastructure. This milestone solidifies Applied Digital's position as a key partner for large-scale AI and high-performance computing customers.
Applied Digital Corporation announced a conference call on July 27, 2026, to discuss its fiscal fourth quarter and full-year financial results ending May 31, 2026. The company, known for designing and operating AI-focused data centers, will share upd...
Applied Digital is rated a Strong Buy with a price target of $54, suggesting an 86% upside from the current $29 price. The growth is driven by Polaris Forge 1 & 2 and Delta Forge 2 projects, expected to add $526 million in EBITDA and $0.68 in EPS. Th...
Applied Digital has evolved from focusing on crypto data centers to becoming a leading AI infrastructure platform, catering to the growing demand from hyperscalers for high-density capacity. The company holds $36 billion in contracted lease revenue a...
Applied Digital (APLD) has received a Buy rating due to its impressive triple-digit revenue growth and promising demand outlook in the data center sector, which is still early in its development. Despite a 230% stock price increase over the past year...
Applied Digital has transitioned from cryptocurrency mining to operating AI-focused data centers, securing $36 billion in long-term lease contracts over 15 years. The company generates $2 billion in annualized net operating income and is rapidly expa...
