APLD is trading about 10% up in pre-market at $43.40, extending a sharp rally following the announcement of a new 15-year lease agreement with an investment-grade U.S. hyperscaler.
- Shares jumped 7.92% on May 20 and gained approximately 9% in after-hours trading after the contract details were released.
- The move is driven by company-specific news rather than crypto market beta, as Bitcoin is up only 0.7% over the last 24 hours.