Key Takeaways APLD 250MW CoreWeave lease de-risks Ellendale and validates its AI-first, liquid-cooled data center strategy. Backed by $5.4B in financing, APLD is scaling a 1.4GW pipeline to meet explosive AI infrastructure demand. APLD may divest Cloud Services to streamline operations and support a potential REIT conversion.Applied Digital (APLD) has taken a significant leap in its hyperscale strategy with a 250MW lease agreement with CoreWeave (CRWV) for its Ellendale campus. This high-profile win not o ...