Applied Digital expects to bring 600 megawatts online over the next 12 months and sign 250 megawatts of expansion leases at prices above earlier leases. Its $36 billion contract base supports growth, but these plans still depend on execution.
The plans could turn signed customer commitments into more operating capacity and higher lease prices. That supports growth. The main test is whether Applied Digital can finish construction and sign the expected expansions on time.
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