AI Data-Center Gold Rush: Applied Digital Rockets on $11B Contracts and Blows Past Q1 Forecasts
Overview: Dallas-based Applied Digital designs and operates high-performance data centers and cloud colocation – recently pivoting from crypto-mining hosting to AI and HPC workloads ts2.tech. Its flagship Polaris Forge campus in North Dakota was even named “Best Data Center in the Americas 2025” by Datacloud ts2.tech. In an AI-driven cloud boom, demand for such specialized capacity is running far ahead of supply, giving APLD a unique niche reuters.com ts2.tech.