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Shares of TeraWulf (NASDAQ:WULF) are up 7% to $17.33 in Friday midday trading, leading a broad rebound across the Bitcoin (CRYPTO:BTC) miner complex after a soft prior session. Also higher, Applied Digital (NASDAQ:APLD) stock is climbing 4% to $26.74.
Applied Digital is turning power-advantaged sites into AI capacity, with 1.4 GW of contracted critical IT load tied to about $36 billion in lease revenue.
Former Bitcoin miners are quietly signing billion-dollar contracts with hyperscalers and frontier AI labs, and the reason has nothing to do with GPUs. Three mid-cap stocks are racing to claim the one bottleneck even NVIDIA cannot manufacture.
Shares of TeraWulf (NASDAQ:WULF) are down 4% to $16.50 in Thursday's midday session, trimming a slice of what's been a 43.6% year-to-date advance for the stock.
Applied Digital is scaling massive high-performance computing data centers focused on the artificial intelligence market. Super Micro Computer remains a leader in optimized server infrastructure with significant revenue scale and profitability.
A former Bitcoin miner now holds billions in contracted AI cloud revenue and a direct NVIDIA investment commitment, but the path to capturing that upside runs through one of the most ambitious infrastructure buildouts in the sector's history.
On September 08, 2026, Applied Digital Corp (APLD) shares rose 7.4% to a current price of $28.31. This price is within a 52-week range that saw a high of $50.73
This article was written by Doug Nathman, with research by his team at Trefis.