Applied Digital Targets 600 MW Capacity for AI Data Center Expansion

Key Facts

1Applied Digital is focusing on accelerating AI factory expansion, targeting over 600 MW of new capacity.

2The company reported financial results for the fiscal first quarter ended August 31, 2026.

Applied Digital Corporation reported its financial results for the fiscal first quarter ended August 31, 2026. According to Zacks, the company is focusing on accelerating the expansion of its AI factories, targeting a total capacity of more than 600 MW.

The expansion strategy aims to leverage high demand for AI infrastructure while securing funding options to support these capacity targets. Shares of APLD closed at $23.81 on October 7, 2026, after reaching a session high of $24.9.