Applied Digital is trading 7.75% up at $20.19 on October 21 after news of a Soluna joint venture to develop a 50 MW AI and high-performance computing data center in Texas.
- Applied Digital is expected to hold a 51% stake; Investing.com cited Roth/MKM reinstating a Buy rating as a positive factor.
- Bitcoin and Ethereum are up 1.37% and 1.79%, respectively, since the prior close, less than the stock’s gain.
- No trading-volume details were provided in available reporting.