APLD

Applied Digital Corporation

A designer, builder, and operator of large-scale data centers for high-performance computing, Applied Digital leases liquid-cooled "AI factory" capacity to tenants like CoreWeave and investment-grade hyperscalers under long-term take-or-pay contracts. Founded in 2020 by Wes Cummins and Jason Zhang as Applied Blockchain to host crypto miners, it renamed itself Applied Digital in 2022 to reflect its pivot toward AI infrastructure. Its legacy data center business still hosts a single crypto mining customer in North Dakota.