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flag Applied Digital leases 250MW AI data center to CoreWeave, boosting stock 40%.

flag Applied Digital secured a 15-year lease agreement with CoreWeave for a 250MW AI data center in North Dakota, expected to generate about $7 billion in revenue. flag This deal highlights the growing demand for advanced computing infrastructure and led to a 40% surge in Applied Digital's stock. flag CoreWeave, backed by Nvidia, will host AI and high-performance computing systems at the Ellendale campus.

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