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
NASDAQ
IPO2002
about APLD
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 | $14.69 | $14.82 | $13.67 | $3.75B | 16.36M |
| eps |
price to earnings |
price to sales |
operating margin |
profit margin |
yield |
| -$0.16 | n/a | 58.51 | -35.79% | -67.19% | 0% |
