CoreWeave Stock Soars on $7B Data Center Deal With Applied Digital

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. The AI cloud-computing startup signed two 15-year lease agreements with Applied Digital for 250MW of IT load at the Ellendale, North Dakota data center campus.The first 100MW will go live in Q4 2025, followed by a 150MW facility in mid-2026. CoreWeave also holds options for up to 300MW of additional capacity source: https://www.coindesk.com/markets/2025/06/04/coreweave-stock-soars-on-7b-data-center-deal-with-applied-digital