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Benzinga
Benzinga
Business
Surbhi Jain

Applied Digital's CoreWeave Deal Just Became An $11 Billion AI Power Play

Applied Applied Digital CoreWeave Wes Cummins APLD
Applied Digital Corporation

Applied Digital Corp (NASDAQ:APLD) has inked one of the biggest capacity expansions yet in the AI data center race.

Chief Executive Wes Cummins confirmed during Applied's latest earnings call that the company expanded its long-term lease with CoreWeave Inc (NASDAQ:CRWV) to 400 megawatts, bringing the total contract value to approximately $11 billion.

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