1. $APPLIED DIGITAL CORP(APLD)$ — down ~64% from highs
-AI data center builder leasing HPC capacity to GPU clouds out of North Dakota.
-$36B contracted revenue backlog as Polaris Forge HPC campuses ramp in North Dakota
- 600+ MW slated online in 12 months, more than double last year’s 250 MW
2. $Cipher Mining Inc.(CIFR)$ — down ~73% from highs
- Bitcoin miner turned AI/HPC landlord with hyperscaler leases.
- $8.5B+ in AI lease commitments with AWS and Google-backed Fluidstack, payments now ramping
- Q3 earnings Nov 2 — first look at AWS lease revenue hitting the income statement
3. $CleanSpark, Inc.(CLSK)$ — down ~62% from highs
-Bitcoin miner pivoting its power portfolio into AI data centers.
-20-year, $6.6B Sandersville GA lease with investment-grade tech tenant, scalable to $11.6B
-1.8+ GW power portfolio and new Texas land positions it for additional hyperscale leases
4. $CoreWeave, Inc.(CRWV)$ — down ~62% from highs
-Largest neocloud, the bellwether for debt-funded AI compute.
-$104B revenue backlog plus year-end ARR target raised to $18.5–19.5B on strong demand
-Goldman upgraded to Buy citing tight compute supply; Q3 earnings expected mid-November
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