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 expanding its capacity through 2028. A potential $5 billion investment from Macquarie and a 97% stake in ChronoScale support growth and asset value, though challenges in monetizing these assets remain. The stock is rated Hold due to visible cash flows but carries execution risks and sensitivity to hyperscaler capital expenditures.
Shares of AI infrastructure and neocloud companies like Nebius Group and CoreWeave jumped significantly following strong Q2 earnings reports and large contract backlogs. CoreWeave reported a 112.3% revenue increase and doubled adjusted EBITDA, while ...
CoreWeave Inc is set to report its second-quarter earnings with Jefferies maintaining a Buy rating and a $150 price target despite profitability expected only by Q4 2026. The stock has risen about 45% due to strong AI compute demand, with a market ca...
Riot Platforms' shares rose 17% after announcing a 20-year lease for a 191 MW AI data center at its Texas campus, expected to generate $9.1 billion in revenue through 2048. The lease with Anthropic marks a major shift from Bitcoin mining to large-sca...
TeraWulf's stock has surged 40.82% in 2026, outperforming peers like Applied Digital, IREN, and Core Scientific, thanks to a significant 20-year lease agreement with Anthropic for a data center campus in Kentucky. This deal is expected to generate ab...
