NEW YORK, NY – October 24, 2025 – A seismic shift reverberated through the cryptocurrency mining sector today as global proprietary trading firm Jane Street Capital publicly disclosed significant stakes in several prominent Bitcoin mining companies. The revelations, made via Schedule 13G filings with the U.S. Securities and Exchange Commission (SEC)
Shares of digital infrastructure provider Applied Digital (NASDAQ:APLD) jumped 6.1% in the afternoon session after the stock's positive momentum continued as the company announced it had entered into a major lease agreement valued at approximately $5 billion with a U.S.-based investment grade hyperscaler.
A number of stocks fell in the afternoon session after new trade tensions and disappointing earnings from major tech companies weighed heavily on investor sentiment.
Applied Digital (NASDAQ: APLD) signs $5B lease for Polaris Forge 2 Campus with U.S. hyperscaler, expanding AI and HPC capacity to support 200 MW initially, full 1GW potential.
Hyperscale Data (NYSE: GPUS) finds itself at a critical juncture, navigating a complex landscape marked by the routine declaration of preferred stock dividends, a precipitous drop in its common share price, and an ambitious strategic pivot towards the burgeoning fields of artificial intelligence infrastructure and data center operations. As of
Shares of Applied Digital Corp (NASDAQ:APLD) are falling sharply on Friday, caught in a broader sell-off of crypto-related stocks as Bitcoin’s (CRYPTO: BTC) price earlier tumbled below $104,000.
Shares of digital infrastructure provider Applied Digital (NASDAQ:APLD) fell 7.5% in the morning session after a drop in Bitcoin pulled down crypto-linked stocks. The move was part of a broader trend where investors turned defensive amid weaker regional sentiment and renewed global growth concerns. This shift led to profit-taking in technology stocks. The broader market saw investors sell riskier assets, such as AI and tech companies, and move funds into safer options like gold and government bonds. This negative sentiment weighed on major indexes and hit tech stocks particularly hard.
Rapid spending isn’t always a sign of progress.
Some cash-burning businesses fail to convert investments into meaningful competitive advantages, leaving them vulnerable.
New York, NY – October 16, 2025 – The financial markets witnessed an extraordinary event just last week, on Friday, October 10, 2025, as options trading volume surged to an unprecedented high, clearing over 110 million contracts. This historic milestone, which shattered previous records, was overwhelmingly driven by the robust activity of
Applied Digital's third quarter results were well received by the market, as the company surpassed Wall Street’s expectations for both revenue and adjusted earnings per share. Management attributed the outperformance to accelerated demand for AI and high-performance computing infrastructure, as well as expanded long-term lease agreements with major hyperscale customers. CEO Wes Cummins emphasized that the company’s ability to secure and deliver on large-scale data center projects, particularly through its partnership with CoreWeave, drove a significant ramp in contracted revenue and operational integration.
On Tuesday, Lucid Capital initiated coverage of Applied Digital with a “Buy” rating, citing the company's strong position to capitalize on the growing demand for large-scale computing power.
