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Applied Digital's CoreWeave Deal Just Became An $11 Billion AI Power Play
Benzinga· 2025-10-10 16:57
Applied Digital Corp (NASDAQ:APLD) has inked one of the biggest capacity expansions yet in the AI data center race. Chief Executive Wes Cummins confirmed during Applied's latest earnings call that the company expanded its long-term lease with CoreWeave Inc (NASDAQ:CRWV) to 400 megawatts, bringing the total contract value to approximately $11 billion.Track APLD stock here.700 Megawatts Under ConstructionApplied Digital currently has “700 megawatts under construction,” Cummins told investors. The company has ...