Applied Digital

Offtaker Data centers AI Data centers HPC Interconnection

Builds and operates purpose-built AI data center campuses in North Dakota and Texas, marketed as converting large blocks of utility power into leased AI compute capacity.

Applied Digital's differentiator is power procurement rather than real estate: it sites campuses like Ellendale, North Dakota where cheap wind-heavy utility power and available transmission let it energize load faster than in constrained metros. The company reports 175 MW live, roughly 1.4 GW of critical IT under contract, and a multi-gigawatt utility pipeline, with waterless closed-loop cooling to avoid water-permitting friction. It is the clearest public example of a power-first developer leasing whole buildings to a single AI cloud tenant, including a widely reported multi-billion-dollar CoreWeave lease.

Headquarters: Dallas, TX
Employees: 201–500
Business model: Asset owner
Ownership: Public
Founded: 2021

Sells to

AI companiesHyperscalersCloud providers

Interconnection queue footprint

No queue positions recorded under this name. Expected for software, capital and supply chain companies, which do not hold interconnection requests.

Sources

· Curated research

Written profiles are hand-entered and not independently verified. Queue figures are computed from ISO interconnection data and reflect requested capacity, not built capacity.

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