Data Center
Applied Digital: Bitcoin Miner Hinting at Rare, Hyperscaler Deal
As a Bitcoin miner, Applied Digital has repositioned itself as an AI data center energy stock, with campuses primarily in the Dakotas. With long-term lease agreements — including multi-hundred-megawatt deals with AI cloud providers like CoreWeave — Applied Digital is a front runner that offers lower power usage effectiveness (PUE), an important metric that measures how much electricity is consumed by a data center. This PUE is achieved through free cooling as the Dakota region is colder than other regions and has surplus power the State exports. The company also hinted they are in advanced, direct negotiations with a hyperscaler. If this is confirmed, it will be the first among the miners to sign a direct deal
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