Applied Digital Shares Rise After Securing Major Lease Deal
Applied Digital's shares rose nearly 8% in post-market trading after the company secured a long-term lease agreement for 210 MW of critical IT load with an unnamed U.S.-based high investment-grade hyperscaler. The deal is tied to its fifth 'AI Factory' and signals growing demand for data center capacity.
Tickers: $APLD
Topics: hyperscaler IT load lease agreement