Applied Digital

Applied Digital (APLD) builds and operates data centre campuses and lets the space and power in them to AI and cloud companies on long take-or-pay leases. The first of those campuses is Polaris Forge 1 at Ellendale, North Dakota, leased to CoreWeave and running since October 2025. It was called Applied Blockchain and hosted crypto miners before renaming itself in 2022 and rebuilding around AI. APLD on Robinhood Chain is a Robinhood Stock Token, a tokenised debt security issued by Robinhood Assets (Jersey) Limited and backed by Applied Digital shares held in custody at Alpaca Securities.