Applied Blockchain Inc

Applied Digital Corp. operates as a technology company, which engages in the development and operation of data centers which provide computing power. The company was founded in May 2001 and is headquartered in Dallas, TX.

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Applied Digital reports Q1 net loss, aims for diversified revenue

Applied Digital is making progress in diversifying revenue streams and expanding its HPC capabilities. However, the company faces challenges in financing and the approval process for the Garden City facility. Despite this, the anticipated demand for HPC presents significant growth opportunities.

Applied Digital reports strong Q2 earnings and outlines growth opportunities

Applied Digital's strong financial performance and strategic goals demonstrate a promising outlook for the company. While there are challenges related to financing and cash flow management, the opportunities presented by the robust pipeline for AI cloud service and continuous delivery of orders indicate potential for significant growth. The company's partnerships with OEMs and focus on expanding AI cloud services and next-gen HPC datacenters further strengthen their position in the market.

Applied Blockchain Inc surpasses Q3 revenue targets, eyes HPC expansion

Applied Blockchain Inc's Q3 performance exceeded expectations, driven by HPC operations, with a focus on revenue diversification and operational efficiency. Despite challenges in financing and weather-related issues, the company is optimistic about revenue growth potential and expanding customer base.

Applied Blockchain Inc reports strong Q4 earnings and ambitious 2024 goals

Applied Blockchain Inc's Q4 2023 earnings call showcased robust financial performance, strategic goals for 2024, and promising revenue guidance.
While the company faces challenges such as high debt levels and operational losses, its focus on innovation and revenue diversification presents growth opportunities.
Investors should monitor the company's progress in managing debt, improving profitability, and enhancing financial transparency to assess its long-term viability.

Applied Blockchain Inc reports robust Q1 earnings and growth outlook

Applied Blockchain Inc (APLD) delivered strong financial results in Q1 2024, driven by operational excellence and strategic growth initiatives.
Despite potential challenges in meeting demand and scaling operations, the company's focus on technological advancement and securing key partnerships positions them for future success.
With a clear roadmap for growth and reaffirmed revenue expectations, Applied Digital demonstrates confidence in their ability to sustain financial performance and capitalize on market opportunities.

Applied Blockchain Inc reports Q2 growth amid rising Bitcoin demand

Applied Blockchain Inc's Q2 2024 performance reflects revenue growth driven by high demand for hosting services amidst rising Bitcoin costs.
The company faces challenges with infrastructure improvements, delays in GPU deployment, and increased costs impacting financial results.
Strategic strengths include expanding data center operations, infrastructure development, and proactive marketing initiatives targeting new markets.
Opportunities lie in rising Bitcoin prices, new enterprise market demand, and expectations of improved cash flow from data centers, positioning the company for future growth.

Applied Blockchain Inc reports mixed Q3 results amid growth opportunities

Applied Blockchain Inc faced challenges from power outages impacting financial performance but showed strength in revenue generation and balance sheet improvement.
The company is well-positioned for growth with significant progress in cloud services and data center development, along with strategic partnerships in place.
Opportunities lie in expanding capacity, securing contracts, and addressing operational challenges to drive future success and profitability.

Applied Blockchain Inc reports mixed Q4 results, eyes growth opportunities

Applied Blockchain Inc delivered strong revenue performance in Q4 2024 but faced challenges with increased costs leading to a net loss.
The company's focus on strategic growth initiatives and securing funding post-fiscal year-end indicate a commitment to long-term success.
Opportunities lie in revenue diversification, strategic partnerships, and operational efficiency to drive profitability and shareholder value.
Anticipated sequential improvements in Q1 2025 signal a positive trajectory for Applied Blockchain Inc's financial performance.

Applied Blockchain Inc (APLD) reports robust Q1 growth and strategic investments

Applied Blockchain Inc (APLD) delivered strong revenue growth and operational performance in Q1 2025.
While facing challenges such as a net loss and high debt, the company is strategically positioned for future growth.
Investments in data centers and cloud services underscore a commitment to capitalizing on market opportunities.

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Applied Digital Corp. is a technology company, which engages in the provision of development and operation of data centers which provide computing power. It operates through the following segments: Cloud Services Business, HPC Hosting Business, and Data Center Hosting Business. The company was founded by Wesley Carl Cummins and Jason Zhang in May 2001 and is headquartered in Dallas, TX.

DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, today announced the Company has closed a previously secured loan agreement with The Bank of North Dakota and Cornerstone Bank for $16 million in site-level financing for its 10MW Jamestown HPC data center campus. The Company intends to use the loan, which has a 5-year term, to support its operations at the standalone data center, which will house graphics processing units (GPUs) and support various HPC/AI applications.

Applied Digital Completes Financing for Jamestown HPC Data Center Campus

In the latest trading session, Applied Digital Corporation (APLD) closed at $4.33, marking a -1.37% move from the previous day.

Applied Digital Corporation (APLD) Stock Sinks As Market Gains: Here's Why

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DALLAS, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announces its an AI Alliance member.

Applied Digital Joins AI Alliance to Collaborate with Industry Leaders to Advance Open, Safe, and Responsible AI

Applied Digital said on Friday revenue from its Ellendale data center hosting facility would take a hit in the current quarter by an ongoing power outage, sending its shares down more than 10% in extended trading.

Applied Digital's Ellendale data center unit faces power outage, shares slump

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DALLAS, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced that effective January 30, 2024, the Company obtained an unsecured loan with a maximum principal amount of $20 million. The Company intends to use the loan, which has a two-year term and 12.5% interest rate, to provide additional liquidity to fund the buildout of its HPC data centers. Additionally, the Company has secured $16 million in site-level financing for its Jamestown HPC facility, which is expected to close in the coming weeks.

Applied Digital Secures Additional Financing

Applied Digital Co. NASDAQ: APLD shares experienced a 4X surge in 2023, riding the artificial intelligence (AI) trend as a provider of next-generation AI data centers. Its data centers were specifically constructed to operate high-performance computing (HPC), signing two clients to its AI Cloud service with a total contract value upwards of $640 million.

Is Applied Digital's 35% stock plunge an AI buying opportunity?

Applied Digital stock is falling again after a confusing update to its financial guidance. AI infrastructure growth continues, but this company poses special risks that should give most investors pause.

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Applied Digital Corporation (APLD) Q2 2024 Earnings Call Transcript

Applied Digital shares plunged more than 20% in early trade on Tuesday after the provider of digital infrastructure solutions reported fiscal second quarter earnings that came in below expectations. For the quarter ended November 30, 2023, revenue was $42.2 million, far below expectations of $54.8 million.

Applied Digital shares plunge on 2Q earnings miss

Data-center services provider Applied Digital missed Wall Street estimates for second-quarter revenue on Tuesday, hurt by cautious spending by businesses in an uncertain economy, sending its shares down more than 12% in premarket trading.

Applied Digital shares drop after quarterly revenue misses estimates

Further validates the Company's cost-effective high-performance compute solutions Further validates the Company's cost-effective high-performance compute solutions

Applied Digital Signs Anchor Tenant at Ellendale HPC Facility

- Generated Sequential Revenue Growth of 16% - - Anchor Tenant Update - DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, cloud services (“Cloud services”), and datacenter hosting (“Datacenter hosting”), reported financial results for the fiscal second quarter ended November 30, 2023. The Company also provided an operational update.

Applied Digital Reports Fiscal Second Quarter 2024 Results

The latest trading day saw Applied Digital Corporation (APLD) settling at $6.84, representing a -1.72% change from its previous close.

Why Applied Digital Corporation (APLD) Dipped More Than Broader Market Today

DALLAS, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, will host a conference call on Tuesday, January 16, 2024 at 9:00 a.m. Eastern time to discuss its operations and financial results from the fiscal second quarter ended November 30, 2023. A press release detailing these results will be issued before the market open on the same day.

Applied Digital Sets Fiscal Second Quarter 2024 Earnings Conference Call for Tuesday, January 16, 2024 at 9:00 a.m. Eastern Time

The latest trading day saw Applied Digital Corporation (APLD) settling at $7.19, representing a +1.41% change from its previous close.

Why Applied Digital Corporation (APLD) Outpaced the Stock Market Today

DALLAS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital " or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, today announced TerraForm Power, owned by Brookfield, has entered into a long term Retail Electric Service Agreement with the Company for its 200-megawatt (“MW”) next-generation datacenter in Garden City, Texas. The Garden City facility directly interconnects with a Wind Farm owned by TerraForm Power, located in Glasscock County, Texas.

Applied Digital Announces Long-Term Supply Agreement with TerraForm Power

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In the most recent trading session, Applied Digital Corporation (APLD) closed at $6.51, indicating a -0.76% shift from the previous trading day.

Applied Digital Corporation (APLD) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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The latest trading day saw Applied Digital Corporation (APLD) settling at $5.63, representing a +0.18% change from its previous close.

Applied Digital Corporation (APLD) Advances But Underperforms Market: Key Facts

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Applied Digital Corporation (NASDAQ: APLD) on behalf of long-term stockholders following a class action complaint that was filed against Applied Digital on August 12, 2023 with a Class Period from April 13, 2022 to July 26, 2023. Our investigation concerns whether the board of directors of Applied Digital have breached their fiduciary duties.

APPLIED DIGITAL ALERT: Bragar Eagel & Squire, P.C. is Investigating Applied Digital Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

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