Overview
- Applied Digital started construction of Delta Forge 1 in Dallas, designed for 430 MW of utility power and up to 300 MW of critical IT load.
- The campus plan includes two 150 MW facilities across roughly 500 acres, according to the company.
- APLD shares reached $39 intraday and closed up 8.49% at $37.69, just below the $40.20 all-time high.
- The company says the site is expected to support more than 200 jobs along with long-term contractor roles once fully operational.
- Yahoo Finance reported APLD was among the most shorted tech stocks in December, and said the recent earnings call helped propel a squeeze-like rally in a still unprofitable, high-valuation stock.