Applied Digital is announcing two 15-year lease agreements with CoreWeave. In this deal APLD will deliver 250 megawatts worth of infrastructure to power CoreWeave's artificial intelligence and high-performance computing in their North Dakota data center.
This all seems confusing to me - I thought CoreWeave itself was operating data centers to sell as infrastructure to other companies? Are they just now middle-men providing little to no value other than branding?
https://ir.applieddigital.com/news-events/p...
Applied Digital
APLD
trading on NASDAQ
since 2002
$10.48
(Δ 2.24%
)
+$0.23
since open
Applied Digital provides cybersecurity solutions, including endpoint protection, threat detection, and incident response services, helping organizations safeguard their digital assets from cyber threats.
type | open | high | low |
market cap |
volume |
---|---|---|---|---|---|
stock | $10.71 | $10.71 | $9.60 | $1.71B | 151.27M |
eps | p/e | p/s |
operating margin |
profit margin |
yield |
-$0.16 | n/a | 44.05 | -35.79% | -67.19% | 0% |