Applied Digital Rises 2.48% as $470M Volume Ranks 221st Amid AI Campus Expansion and $375M Financing Surge

On August 20, 2025, Applied Digital (APLD) rose 2.48% to $15.74, with a trading volume of $470 million, ranking 221st in market activity. The stock’s performance reflects ongoing investor interest in its AI infrastructure projects and strategic financing moves.

Recent developments highlight Applied’s expansion in high-performance computing (HPC) and AI infrastructure. The company announced plans to break ground on a $3 billion Polaris Forge 2 campus in North Dakota by September 2025, reinforcing its position as a leader in AI infrastructure. Separately, Applied secured a 250MW AI data center lease with CoreWeave in the state, aligning with its focus on scalable, energy-efficient solutions.

Financing activities also shaped the stock’s trajectory. Applied closed a $375 million loan with Sumitomo Mitsui Banking Corporation (SMBC) to advance its Ellendale HPC campus and entered a $150 million convertible preferred equity facility to support multi-building development. These steps underscore the company’s efforts to optimize capital for long-term growth amid rising demand for AI-driven infrastructure.

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