Applied Digital: Building A Starter Position On This High Growth Play
Portfolio Pulse from
Applied Digital is shifting its focus from crypto mining data centers to serving larger hyperscaler companies. They are nearing a 100MW lease deal and have interest for an additional 300MW, with potential annual revenue of $880 million not yet reflected in consensus estimates.
January 06, 2025 | 3:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Applied Digital is transitioning to focus on hyperscaler data centers, with a potential 100MW lease deal and interest for 300MW more. This could lead to $880 million in annual revenue, which is not yet reflected in current estimates.
The transition to serving hyperscaler companies represents a significant growth opportunity for Applied Digital. The potential 100MW lease deal and interest for an additional 300MW could lead to substantial revenue increases. The market has not yet priced in the $880 million annual revenue potential, suggesting a positive short-term impact on the stock price as these deals materialize.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100