CoreWeave Stock Soars on $7B Data Center Deal With Applied Digital

CN
coindesk
Follow
11 days ago


CoreWeave’s (CRWV) stock surged 25% on Tuesday and climbing another 5% pre-market, bringing its year-to-date gains to a staggering 276%, following news of a $7 billion infrastructure deal with Applied Digital.

The AI cloud-computing startup signed two 15-year lease agreements with Applied Digital for 250MW of IT load at the Ellendale, North Dakota data center campus.

The first 100MW will go live in Q4 2025, followed by a 150MW facility in mid-2026. CoreWeave also holds options for up to 300MW of additional capacity.

Applied Digital’s Ellendale campus is designed to host 400MW of critical IT load and over 1GW of power capacity is under review.

CEO Wes Cummins hailed the agreement as a major step in cementing Applied Digital’s role in the AI and HPC infrastructure space.

The company recently secured $375 million in financing from SMBC to accelerate development. Investor optimism around AI demand continues to fuel CoreWeave’s meteoric rise.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
Bitget: 注册返10%, 赢6200USDT大礼包
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink