Applied Digital: AI deals, investors and valuation
🇺🇸 United States · Market cap $4.7B · APLD · listed
As of Nov 9, 2026, Applied Digital has 2 AI deals of $1B+ in this database: it pays $0M and receives $18.5B (net +$18.5B). It ranks #70 of 198 companies by number of deals.
Pays / invests
$0MReceives
$18.5BNet
+$18.5BDeals
2Value over time
Valuation history
- January 2025$2.2B
- April 2025$1.4B
- July 2025$4B
- October 2025$10.5B
- January 2026$10.2B
- April 2026$10.4B
- July 2026$8.3B
- October 2026$5.4B
- November 2026$4.7B
Receives from
CoreWeavePays to
—
Loops it is part of
No closed loop found for this company.
All Applied Digital deals
May 21, 2026Cloud & servicesannounced$7.5B
Hyperscaler anonimo → Applied Digital · 15-year take-or-pay; $18.2 billion with renewals
An investment-grade US hyperscaler (the same as Delta Forge 1) leases 300 MW at Applied Digital's Polaris Forge 3 campus for about $7.5 billion over 15 years.
Jun 2, 2025Cloud & servicesannounced$11B
CoreWeave → Applied Digital · $7 billion initial + ~$4 billion for 150 MW expansion
CoreWeave leases 400 MW at Applied Digital's Polaris Forge 1 campus (North Dakota) under contracts of about 15 years: $7 billion initially, rising to about $11 billion with the expansion.
Questions and answers
Who are Applied Digital's biggest investors and payers?
CoreWeave ($11B), Hyperscaler anonimo ($7.5B).
How much has Applied Digital invested or spent on AI deals?
$0M across 0 deals, the largest with —.
How much is Applied Digital worth?
Market cap: $4.7B (Nov 9, 2026).
Is Applied Digital part of a circular deal?
No closed loop found for this company.