Applied Digital (APLD) stock jumps 18%: hyperscaler lease talks and new financing set the stakes for Monday
Applied Digital shares jumped 18% to $37.68 Friday after announcing long-term leases with two hyperscalers for 600 MW of North Dakota data-center capacity, worth about $16 billion over the contract terms. Fiscal Q2 revenue rose 250% to $126.6 million, with a net loss of $31.2 million. The company ended November with $2.3 billion in cash and $2.6 billion in debt. Trading volume reached 86.4 million shares.