Under the twin agreements announced on 2 June, Applied Digital will deliver 250 MW of critical IT load to host CoreWeave’s GPU clusters. The first 100 MW hall should come online in the fourth quarter of 2025, and the second 150 MW hall is slated for mid-2026. CoreWeave also retains an option for another 150 MW if demand stays red-hot.

CoreWeave’s (CRWV) stock surged 25% on Tuesday and climbing another 5% pre-market, bringing its year-to-date gains to a staggering 276%, following news of a $7 billion infrastructure deal with Applied Digital.

Applied Digital stock soared over 45% today, driven by a massive $7 billion, 15-year lease deal with CoreWeave, a fast-growing AI cloud provider backed by Nvidia. With record trading volume and strong investor interest,