Applied Blockchain Stock Soars to Record High on Major AI Data Center Deal

Shares of Applied Digital reached a new 52-week peak of $17.61 in yesterday’s trading session. This surge follows a series of significant corporate developments, most notably the commencement of a multi-billion dollar AI data center construction project and a substantially expanded strategic partnership with CoreWeave.

The company’s ambitious growth strategy centers on its newly announced “Polaris Forge 2” initiative. Applied Digital plans to break ground on this $3 billion AI campus in North Dakota as early as September 2025. The facility is projected to feature an initial capacity of 280MW, with operations scheduled to commence in 2026 and full capacity expected by early 2027.

In a parallel development, the firm has significantly expanded its existing relationship with AI hyperscaler CoreWeave. A new lease... Read more...