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.

The Name Change Reflects the Company's Diversified Offerings Focusing on High-Power Computing (HPC) Applications The Name Change Reflects the Company's Diversified Offerings Focusing on High-Power Computing (HPC) Applications

Applied Blockchain Announces Official Name Change to Applied Digital

DALLAS, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company"), a designer, builder and operator of next-generation datacenters that provide power to blockchain infrastructure and support High-Performance Computing (HPC) applications, today announced its participation in Cantor Fitzgerald Crypto & Disruptive Finance Conference, Roth's 11th Annual Technology Event and Craig-Hallum's 13th Annual Alpha Select Conference.

Applied Blockchain Announces Upcoming Conference Participation

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Confidential computing is a cutting-edge technology that protects the most sensitive information by focusing on data protection with hardware-based trusted execution environments. This emerging security model is in high demand today as more data-driven businesses migrate to the cloud, particularly in highly regulated industries such as banking, which deal with large volumes of extremely confidential data.

Confidential Computing Presents Unique Opportunities for Technology Investors

Applied Blockchain, Inc. (NASDAQ:APLD ) Q1 2023 Earnings Conference Call October 11, 2022 5:00 PM ET Company Participants Jeff Grampp - IR, Gateway Group, Inc Wes Cummins - CEO David Rench - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Chris Brendler - D.

Applied Blockchain, Inc. (APLD) Q1 2023 Earnings Call Transcript

DALLAS, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company"), a designer, builder and operator of next-generation datacenters that provide power to blockchain infrastructure and support High-Performance Computing (HPC) applications, today reported financial results for the fiscal first quarter ended August 31. 2022. The Company also provided an operational update and outlook.

Applied Blockchain Reports Fiscal First Quarter 2023 Financial Results and Provides an Operational Update

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Phoenix, Arizona--(Newsfile Corp. - September 21, 2022) - The Stock Day Podcast welcomed Applied Blockchain, Inc. (NASDAQ: APLD) ("the Company"), a company that designs, builds, and operates next-generation datacenters across North America to provide low-cost digital infrastructure solutions to the rapidly growing high performance computing (HPC) industry. Chairman CEO of the Company, Wes Cummins, joined Stock Day host Everett Jolly. Jolly began the interview by asking about the Company's background and current projects.

Applied Blockchain, Inc. Chairman and CEO, Wes Cummins, Is Featured on The Stock Day Podcast

DALLAS, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company"), a designer, builder and operator of next-generation datacenters that provide power to blockchain infrastructure and support High-Performance Computing (HPC) applications, announced that on September 16, 2022 it filed a Registration Statement on Form S-1 for the registration of approximately 48.3 million existing shares of Applied Blockchain common stock that are currently unregistered. The registration statement does not include the registration of any new shares of Applied Blockchain common stock.

Applied Blockchain Files Registration Statement for Existing Shares

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Investments in crypto assets have also tumbled by more than half during the first half of the year, a report by KPMG claims.

Investor Confidence Is Stifling as Crypto Market Starts to Unravel

Applied Blockchain, Inc. (NASDAQ:APLD ) Q4 2022 Earnings Conference Call August 25, 2022 5:00 PM ET Company Participants Jeff Grampp - IR, Gateway Group, Inc Wes Cummins - CEO David Rench - CFO Conference Call Participants Chris Brendler - D. A. Davidson Lucas Pipes - B.

Applied Blockchain, Inc. (APLD) Q4 2022 Earnings Call Transcript

DALLAS, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") today reported financial results for the fiscal fourth quarter and full year ended May 31, 2022, and provided an operational update.

Applied Blockchain Reports Fiscal Fourth Quarter and Full Year 2022 Financial Results and Provides an Operational Update

DALLAS, Aug. 15, 2022 (GLOBE NEWSWIRE) --   Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") will host a conference call on Thursday, August 25, 2022 at 5:00 p.m. Eastern Time to discuss its operations and financial results from the fiscal fourth quarter and fiscal year ended May 31, 2022. A press release detailing these results will be issued after the close of trading on the same day.

Applied Blockchain Sets Fiscal Fourth Quarter and Full Year 2022 Earnings Conference Call for Thursday, August 25, 2022 at 5:00 p.m. Eastern Time

DALLAS, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") announced today that on July 25, 2022, the Company entered into a loan agreement with a North Dakota-based bank for a credit facility with a maximum principal amount of $15.0 million. The Company intends to use the facility to repay its existing debt and provide additional liquidity to fund the buildout of its datacenters. Applied Blockchain expects the initial interest rate of the Loan to be 1.5% for the first 13 months after taking into account state-based economic incentives and the remainder of the term rate to be 6.5%.

Applied Blockchain Secures New $15 Million Credit Facility to Refinance Existing Debt and Expand Liquidity Position

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Applied Blockchain Inc (NASDAQ: APLD) shares are trading higher Tuesday after the company announced it secured a five-year hosting contract with Marathon Digital Holdings Inc (NASDAQ: MARA).  Applied Blockchain will provide comprehensive hosting services for Marathon's.

Why Bitcoin-Related Stock Applied Blockchain Is Soaring

APLD stock and MARA stock are climbing in early trading after Applied Blockchain said it will provide hosting services for Marathon. The post Why Is Applied Blockchain (APLD) Stock Up 27% Today?

Why Is Applied Blockchain (APLD) Stock Up 27% Today?

DALLAS, July 18, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") has entered into a five-year hosting contract with Marathon Digital Holdings, Inc. (Nasdaq: MARA) (“Marathon”) for 200-Megawatts (“MW”) of Bitcoin mining capacity. The Company will provide comprehensive hosting services for Marathon's Bitcoin miners at Applied Blockchain's owned and operated co-hosting datacenters.

Applied Blockchain Secures 200-Megawatt Five-Year Hosting Contract with Marathon Digital Holdings

DALLAS, July 18, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") today provided updates on its operations and financial guidance.

Applied Blockchain Provides Operational and Guidance Updates

DALLAS, June 13, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") today announced the expiration of a share lock-up agreement. In connection with the Company's initial public offering, on April 12, 2022, 2,040,000 shares of previously existing Applied Blockchain preferred stock were converted into 36,441,489 shares of the Company's common stock (after giving effect to a one-for-six reverse stock split). The converted stock was restricted from sale until June 11, 2022, after which the shares became freely tradeable pursuant to an effective Registration Statement on Form S-1 (Reg. No. 333-258818).

Applied Blockchain Announces Expiration of Share Lock-Up

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Applied Blockchain Inc (NASDAQ: APLD) shares are trading higher by 22.33% at $3.78 after the company's CEO Wes Cummins reported the purchase of 391,474 shares at an average price of $2.38 per share in a Form 4 filing on Thursday. Applied Blockchain shares were halted Friday morning at.

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Applied Blockchain Is Skyrocketing Today

Applied Blockchain, Inc. (NASDAQ:APLD ) Q3 2022 Earnings Conference Call May 13, 2022 9:00 AM ET Company Participants Jeff Grampp - IR, Gateway Group, Inc. Wes Cummins - CEO David Rench - CFO Conference Call Participants Lucas Pipes - B. Riley John Todaro - Needham Mike Grondahl - Northland Securities Rob Brown - Lake Street Capital Chris Brendler - D.

News for Applied Blockchain Inc Stock (APLD)