Contract And ExpansionApplied has signed a Letter of Intent with a US-based hyperscaler for 400MW, potentially leading to substantial revenue and a long-term partnership.
Financial PerformanceApplied Digital's significant growth in revenue, as evidenced by the recent 42.2% increase, signals strong business performance and future potential.
Market StrategyThe strategic sale of APLD’s Garden City data center aligns with the company’s focus on High-Performance Computing and Artificial Intelligence, promising more favorable long-term economics.