Applied Digital Targets Growth to 3.5-4 GW by End of 2030
Applied Digital (NASDAQ: APLD) has set a target of reaching between 3.5 and 4 gigawatts in capacity by the end of 2030, with over 600 megawatts expected to come online within the next year. The company is expanding its operations across five campuses located in three U.S. states, spanning two distinct geographic regions. During a Q1 2027 earnings call, Chairman and CEO Wesley Cummins highlighted that Applied Digital has secured $36 billion in contracted revenue. This figure underscores strong demand for the firm’s services and reflects confidence from clients across its growing footprint. The company's aggressive growth strategy is likely to attract investor attention as it moves toward achieving these ambitious capacity targets.
Tickers: $APLD
Topics: business_growth contracted_revenue