Applied Digital's CoreWeave Deal Just Became An $11 Billion AI Power Play
1. APLD expanded lease with CoreWeave to 400 megawatts, worth $11 billion. 2. The company has 700 megawatts under construction, enhancing growth potential. 3. Construction timelines shortened to 12-14 months, improving operational efficiency. 4. CoreWeave deal aims for stable recurring revenue, boosting future cash flow. 5. APLD targets $1 billion in annual net operating income within five years.