Applied Digital to Establish Texas Data Center Joint Venture with Soluna Holdings
APLD Applied Digital Corp
$20.98 +8.54%
View chart & analysis → - 1Applied Digital shares rose nearly 9% on Wednesday.
- 2Applied Digital will hold a 51% stake in the joint venture to build a 50-megawatt data center.
- 3Brian Baratarian of Roth/MKM set a price target of $35 for Applied Digital.
So what's the key point?
Applied Digital decided to build a data center in Texas with Soluna Holdings. Experts expect the stock to rise further and have set a price target of $35.
Source The Motley Fool +1 · View original ↗
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