As a Bitcoin miner, Applied Digital has repositioned itself as an AI data center energy stock, with campuses primarily in the Dakotas. With long-term lease agreements — including multi-hundred-megawatt deals with AI cloud providers like CoreWeave — Applied Digital is a front runner that offers lower power usage effectiveness (PUE), an important metric that measures how much electricity is consumed by a data center. This PUE is achieved through free cooling as the Dakota region is colder t...
