Montana-Dakota Utilities to Power Applied Digital's 430 MW AI Factory
MDU sits 35% above its 52-week low of $15.76.
Summary
MDU Resources' subsidiary, Montana-Dakota Utilities, has signed an electric service agreement with Applied Digital (APLD) to provide power for APLD's proposed 430-megawatt Polaris Forge 3 AI Factory in North Dakota. This agreement secures a substantial new industrial customer for MDU's utility operations, representing a significant increase in future demand. For Applied Digital, this is a critical step in developing a major AI infrastructure facility. The agreement is subject to regulatory approval, with initial operations anticipated for August 2027.
At the time of this announcement, MDU was trading at $21.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $15.76 to $22.98. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.