Applied Digital Corporation (APLD) Expands HPC and AI Infrastructure Across North America

Applied Digital Corporation (NASDAQ:APLD) ranks among the most shorted stocks to buy according to analysts. On February 12, Citizens reiterated its Market Outperform rating on Applied Digital Corporation (NASDAQ:APLD) accompanied by a $40 price target. The firm emphasized Applied Digital’s 400 MW of specially designed capacity at the North Ellen (Polaris Forge 1) facility, which has been fully contracted to CoreWeave. The first 100MW went into operation in November 2025, with 150MW anticipated for mid-2026 and the final 150MW projected in 2027.

Citizens noted that Applied Digital Corporation (NASDAQ:APLD) has a 4.3GW active development pipeline, making it one of the most important HPC/AI infrastructure suppliers in North America.

The firm estimates that Applied Digital’s 4.3GW development pipeline may potentially increase shareholder value by about $124 per share, with the expanded pipeline potentially producing more than 5GW of power.

Applied Digital Corporation (NASDAQ:APLD) is a specialist data center company that designs, develops, and operates sophisticated digital infrastructure throughout North America. The company offers digital infrastructure solutions for blockchain mining operations, as well as GPU computing solutions for essential AI and HPC workloads.

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