Applied Digital Signs Anchor Tenant at Ellendale HPC Facility
DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq:APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced today it has signed a conditional agreement to provide datacenter capacity at its Ellendale, North Dakota campus, subject to finalization of definitive lease documents. The conditional agreement is for a total of 100MWs for a term of 10 years and is conditional on securing financing for the completion of construction. The company is in conversation with potential lenders to secure the project-level financing needed. The total contract value (TCV) is approximately $2.2 billion over the 10-year term.
Related news for (APLD)
- Market Spotlight: APLD Powers AI, KDK Rolls Out, FICO Reinvents Scoring—And VENU Amplifies the Concert Economy
- Fresh Highs, Fast Moves: Wall Street’s Breakout Brigade Keeps Climbing
- MoBot’s Stock Market Highlights – 07/31/25 09:00 AM
- Breaking News: MoBot’s Latest Update as of 07/31/25 06:00 AM
- Don’t Miss Out: MoBot’s Latest Stock Updates 07/31/25 05:00 AM