Need to finance ~800 MW over next 12 months
Company: Applied Digital
The claim, verbatim
CEO Wes Cummins said Applied Digital must finance about 800 megawatts of data center capacity over the next 12 months.
Source (primary)
Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7% - 24/7 Wall St. (-, news_article)
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Quote: “Applied Digital must finance about 800 megawatts of data center capacity over the next 12 months”
How we checked this
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Additional evidence
confirms Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7% - 24/7 Wall St.
Quote: “Applied Digital must finance about 800 megawatts of data center capacity over the next 12 months”