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Applied Digital’s $11 Billion HPC Hosting Deal With CoreWeave Elevates Its Market Position
Applied Digital’s $11 Billion HPC Hosting Deal With CoreWeave Elevates Its Market Position
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BTCCSquare news:
Applied Digital has entered an $11 billion high-performance computing (HPC) hosting agreement with CoreWeave, positioning the company alongside industry leaders like Core Scientific and TeraWulf. The deal underscores the growing demand for large-scale digital infrastructure in the blockchain and AI sectors.
Despite the magnitude of the partnership, market reaction remains subdued, raising questions about whether investors are underestimating Applied Digital's strategic move. The agreement highlights the intensifying competition for HPC resources as compute-intensive applications drive demand for specialized hosting solutions.
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