Applied Digital Corporation (NASDAQ: APLD) experienced a 23.76% surge in premarket trading on October 10, 2025, following the release of robust Q1 2026 earnings and a significant $11 billion lease agreement. The company reported revenue of $64.2 million, exceeding expectations of $45.46 million and marking an 84% increase from the previous year.
The lease agreement, in collaboration with CoreWeave, involves 400 MW of capacity at the Polaris Forge 1 campus in North Dakota. This development has made APLD the most-traded ticker on Yahoo Finance, highlighting strong investor interest.
APLD Stock Jumps 23.76% on Strong Earnings and $11B Lease Deal
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