Applied Digital’s AI data center business is booming. It’s secured $16 billion in leases for the next 15 years. Its stock isn’t cheap, and its upcoming cloud spin-off will reduce its reported revenue.

Applied Digital Systems (APLD) shares rose more than 6% in extended trading on Monday after the neocloud computing company ...

Applied Digital Corp. experienced a remarkable Monday trading session, with shares climbing 19% following the company’s announcement of transformative business developments. The surge came after Chief ...

Iren announced a deal with Microsoft worth $9.7 billion recently. Applied Digital's backlog grew to $16 billion. Both companies repositioned to capitalize on AI-infrastructure momentum. Both Iren and ...