• Applied Digital (APLD) is up 4.6% to $48.42 after securing a new 15-year, $5.2 billion take-or-pay lease for its Delta Forge 2 AI Factory campus with an investment-grade hyperscaler.
  • Northland analysts raised their price target on APLD to $82 from $56, maintaining an Outperform rating, citing strong management execution and growth.
  • Additionally, APLD's subsidiary satisfied the ESA Condition for its 6.75% Senior Secured Notes due 2031, releasing escrowed proceeds to the company.
  • This surge occurs despite softer cryptocurrency prices today, with Bitcoin and Ethereum trading modestly lower.