Applied Digital targets 3.5-4 GW by end of 2030, expects 600 MW online in next 12 months
FROM THE WIRE · SEEKINGALPHA.COM
Earnings Call Insights: Applied Digital (APLD) Q1 2027 MANAGEMENT VIEW * “Today, we have approximately $36 billion in contracted revenue across 5 campuses, 3 states and 2 very different geographic regions of the country.” (Chairman, CEO, Secretary & Treasurer Wesley Cummins) *…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishApplied Digital's aggressive capacity expansion with $36 billion contracted revenue drives significant growth outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Applied Digital has approximately $36 billion in contracted revenue across 5 campuses in 3 states and 2 geographic regions.
- 02Expects to place over 600 megawatts into service in next 12 months versus 250 MW in past 12 months.
- 03Currently expects approximately 250 MW of expansion leases to be executed by year-end at materially higher pricing.
- 04Entered long-term Power Purchase Agreement with Base Electron for approximately 1,200 MW natural gas facility with deliveries beginning…
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets