Applied Digital Partners with Babcock & Wilcox to Install 900 MW Steam Turbine Capacity by 2028
Applied Digital's Q2 fiscal 2026 revenue jumped 250% to $126.6 million as it delivered 100 MW at Polaris Forge 1 and inked a 15-year, 200 MW lease projected to yield $5 billion. To bypass a 7–8-year turbine backlog, it chose three 300 MW steam turbine plants with Babcock & Wilcox for 2028.
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