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Applied Digital Corporation ( (APLD) ) has provided an announcement.
On August 28, 2025, Applied Digital announced a new lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in North Dakota, increasing the total critical IT capacity to 400MW. This expansion is part of Applied Digital’s strategy to enhance its AI infrastructure capabilities, with the new data center expected to be operational by mid-2027. The company anticipates approximately $11 billion in contracted lease revenue, reinforcing North Dakota’s role in the digital economy and supporting Applied Digital’s mission to transform regional resources into economic opportunities.
The most recent analyst rating on (APLD) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.
Spark’s Take on APLD Stock
According to Spark, TipRanks’ AI Analyst, APLD is a Neutral.
Applied Digital’s stock score is bolstered by strong technical momentum and positive earnings call developments, particularly in AI infrastructure. However, financial challenges and valuation concerns temper the overall score. The company’s strategic initiatives and capital expansion provide a positive outlook, but operational and financial risks remain.
To see Spark’s full report on APLD stock, click here.
More about Applied Digital Corporation
Applied Digital Corporation, headquartered in Dallas, Texas, designs, builds, and operates high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. Founded in 2021, the company leverages hyperscale expertise, proprietary waterless cooling, and rapid deployment capabilities to deliver secure and scalable compute solutions, while fostering economic opportunities in underserved communities through its Polaris Forge AI Factory model.
Average Trading Volume: 48,904,944
Technical Sentiment Signal: Buy
Current Market Cap: $4.34B
For an in-depth examination of APLD stock, go to TipRanks’ Overview page.