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Benzinga
Benzinga
Business
Henry Khederian

Applied Digital (APLD) Stock Rallies As Bitcoin Surges Amid Government Shutdown

APLD Applied Digital Bitcoin Government Shutdown Applied Digital Corp blockchain
Applied Digital Corporation

Shares of Applied Digital Corp (NASDAQ:APLD), a designer and operator of data centers for blockchain and AI, are trading higher this week, buoyed by a 9% rise in Bitcoin’s (CRYPTO: BTC) value over the past five days. Here’s what investors need to know.

What To Know: The rally comes as the U.S. government shutdown potentially fuels investor uncertainty in traditional financial systems, pushing capital toward alternative assets.

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