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.

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The Facility Brings Applied Digital to 480MW of Total Hosting Capacity Across its Blockchain Hosting Locations The Facility Brings Applied Digital to 480MW of Total Hosting Capacity Across its Blockchain Hosting Locations

Applied Digital to Host Ribbon Cutting Ceremony at its 200-Megawatt Datacenter in Garden City, Texas

Applied Digital Corporation (APLD) closed the most recent trading day at $4.47, moving +1.82% from the previous trading session.

Applied Digital Corporation (APLD) Ascends While Market Falls: Some Facts to Note

There might be a massive new client for its AI cloud services soon. This follows Microsoft's hiring of ex-OpenAI CEO Sam Altman.

Why Applied Digital Stock Zoomed Nearly 9% Higher Today

Reed Brings Over a Decade of Experience in AI, Cloud Computing, and Technology Leadership Reed Brings Over a Decade of Experience in AI, Cloud Computing, and Technology Leadership

Kate Reed Elected to Applied Digital Board of Directors

DENVER , Nov. 15, 2023 /PRNewswire/ -- From Supercomputing 2023, WekaIO (WEKA), the data platform software provider for AI and other performance-intensive workloads, announced today that it is working with Applied Digital Corporation (Nasdaq: APLD), a designer, builder, and operator of next-generation digital infrastructure for high-performance computing (HPC) applications and workloads, to provide an underlying accelerated software architecture underpinning its recently launched AI Cloud Service. Applied Digital is developing a turnkey offering that allows enterprise customers to purchase and use GPU resources on-demand, at scale, across its data centers for AI model training and inference in virtualized, bare-metal, and containerization environments.

WEKA Partners with Applied Digital to Supercharge Its GPU Cloud for Generative AI Customers

DALLAS, Nov. 13, 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 its participation at the following financial conferences:

Applied Digital Announces Upcoming Investor Events

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Applied Digital could convert itself into a real estate investment trust soon. Most of its growth relies on two unnamed customers.

3 Things About Applied Digital That Smart Investors Know

Initial Energization of Garden City Facility Represents Third Facility to be Successfully Energized in North America Initial Energization of Garden City Facility Represents Third Facility to be Successfully Energized in North America

Applied Digital Announces Energization of its 200-Megawatt Datacenter in Garden City, Texas

Applied Digital reported earnings, and its revenue is starting to take off. Due to spending on data center buildout, free cash flow is deep in the red.

Applied Digital Still Can't Impress Investors -- Time to Sell the Stock?

DALLAS, Oct. 11, 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 details for its upcoming investor day being held both virtually and in-person on Thursday, October 12, 2023, in New York, NY.

Applied Digital Announces Details for Investor Day on October 12, 2023

LOS ANGELES, CA / ACCESSWIRE / October 11, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("Applied Digital" or "the Company") (NASDAQ:APLD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 13, 2022 and July 26, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 11, 2023.

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 11, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Applied Digital Corporation (“Applied Digital” or the “Company”) (NASDAQ: APLD) securities between April 13, 2022 and July 26, 2023, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On July 6, 2023, The Bear Cave and Wolfpack.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Applied Digital Corporation (APLD)

NEW YORK , Oct. 10, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Applied Digital Corporation. Shareholders who purchased shares of APLD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 - (NASDAQ: APLD)

LOS ANGELES, CA / ACCESSWIRE / October 10, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("Applied Digital" or "the Company") (NASDAQ:APLD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 13, 2022 and July 26, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 11, 2023.

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Applied Digital Corporation (NASDAQ: APLD) between April 13, 2022 and July 26, 2023, both dates inclusive (the "Class Period"), of the important October 11, 2023 lead plaintiff deadline. SO WHAT: If you purchased Applied Digital securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

APLD WEDNESDAY DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Applied Digital Corporation Investors to Secure Counsel Before Important October 11 Deadline in Securities Class Action - APLD

Applied Digital announced strong revenue growth but a wider-than-expected lost for its fiscal first quarter. The company credited its revenue growth to operations in its Jamestown and Ellendale, North Dakota facilities, as well as revenue recognized under its first-ever cloud-services contract.

Why Applied Digital Stock Popped (Then Dropped) Today

Applied Digital Corporation (NASDAQ:APLD ) Q1 2024 Earnings Conference Call October 9, 2023 9:00 AM ET Company Participants Alex Kovtun - Investor Relations, Gateway Group, Inc. Wes Cummins - Chairman and Chief Executive Officer David Rench - Chief Financial Officer Conference Call Participants Robert Brown - Lake Street Capital Markets Adam Kelsey - Craig-Hallum Capital Group John Todaro - Needham & Company Lucas Pipes - B. Riley Securities Darren Aftahi - ROTH MKM Michael Grondahl - Northland Securities Kevin Dede - H.C.

Applied Digital Corporation (APLD) Q1 2024 Earnings Call Transcript

- Generated Sequential Revenue Growth of 65% - - Reaffirms Fiscal 2024 Full-Year Guidance - - Applied Digital to Host Investor Day on October 12, 2023 - DALLAS, Oct. 09, 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, artificial intelligence cloud services (“Cloud services”), and datacenter hosting (“Hosting”), reported financial results for the fiscal first quarter ended August 31, 2023. The Company also provided forward guidance and an operational update.

Applied Digital Reports Fiscal First Quarter 2024 Financial Results

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- Attention Applied Digital Corporation ("Applied Digital") (NASDAQ: APLD) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between April 13, 2022 and July 26, 2023. If you suffered a loss on your investment in Applied Digital, contact us about potential recovery by using the link below.

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Applied Digital Investors of a Lead Plaintiff Deadline of October 11, 2023

LOS ANGELES, CA / ACCESSWIRE / October 7, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("Applied Digital" or "the Company") (NASDAQ:APLD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 13, 2022 and July 26, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 11, 2023.

OCTOBER 11 FINAL DEADLINE: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses to Contact the Firm

BENSALEM, Pa. , Oct. 5, 2023 /PRNewswire/ -- Law Offices of Howard G.

APLD Investors Have Opportunity to Lead Applied Digital Corporation Securities Fraud Lawsuit

NEW YORK , Oct. 5, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Applied Digital Corporation ("Applied Digital" or the "Company") (NASDAQ: APLD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Applied Digital investors who were adversely affected by alleged securities fraud between April 13, 2022 and July 26, 2023.

News for Applied Blockchain Inc Stock (APLD)