Applied Digital Corporation is trading 8.44% up at $44.40 after announcing a 15-year lease agreement with a U.S.-based investment-grade hyperscaler.
- The deal covers 210 megawatts at the Delta Forge 2 facility and is expected to generate approximately $5.2 billion in base-term revenue.
- Broader crypto market strength provided additional support for the stock, with Bitcoin up 2.44% and Ethereum up 3.60% versus the prior close.