Citizens reiterates outperform rating on Applied Blockchain stock following data center progress

uk.investing.com

Citizens reiterated an Outperform rating and $40 price target on Applied Blockchain, citing data center progress. The company broke ground on its DF-1 data center, expected to begin operations in mid-2027, and has over 1 gigawatt of potential capacity. Applied Blockchain's stock has surged 403% in the past year, though it is burning through cash as it scales operations.


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Citizens reiterates outperform rating on Applied Blockchain stock following data center progress | News Minimalist