Workflow
Advanced digital infrastructure for blockchain
icon
Search documents
Northland Securities Reiterates a Buy Rating on Applied Digital Corporation (APLD)
Yahoo Financeยท 2025-11-13 18:38
Group 1 - Applied Digital Corporation (NASDAQ:APLD) is recognized as one of the best mid-cap tech stocks to buy, with a Buy rating and a price target of $40 from Northland Securities [1] - The company has secured a 15-year lease agreement with a US-based investment-grade hyperscaler valued at $5 billion, which will provide 200 MW of critical IT capacity at the Polaris Forge 2 Campus in North Dakota, increasing total lease capacity to 600 MW [2] - Progress has been made on Phase 1 at Polaris Forge 1, with a successful on-time Ready for Service milestone achieved for the first 50 MW, and plans to deliver an additional 50 MW by the end of the year [3] Group 2 - Applied Digital Corporation specializes in designing and operating advanced digital infrastructure across North America, focusing on data centers for blockchain, high-performance computing, and AI applications [4]