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, May 13, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") today reported financial results for the fiscal third quarter ended February 28, 2022 and provided an operational update.

Applied Blockchain Reports Fiscal Third Quarter 2022 Ended February 28, 2022 Financial Results and Provides an Operational Update

Governor Burgum of North Dakota Joins the Company, Partners, and Industry Leaders for the Formal Ribbon Cutting Ceremony of the New Operational Hosting Facility Governor Burgum of North Dakota Joins the Company, Partners, and Industry Leaders for the Formal Ribbon Cutting Ceremony of the New Operational Hosting Facility

Applied Blockchain, Inc. Expands its Blockchain Industry Infrastructure with the Formal Opening of its 100MW Facility in North Dakota

DALLAS, May 06, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") will host a conference call on Friday, May 13, 2022 at 9:00 a.m. Eastern Time to discuss its operations and results from the fiscal third quarter 2022. A press release detailing these results will be issued before the open of trading on the same day.

Applied Blockchain Sets Fiscal Third Quarter 2022 Earnings Conference Call for Friday, May 13, 2022 at 9:00 a.m. Eastern Time

DALLAS, April 18, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (NASDAQ: APLD) (“Applied” or the “Company”) announced today the completion of its initial public offering of 8,000,000 shares of its common stock at $5.00 per share. The shares of common stock began trading on the Nasdaq Global Select Market on April 13, 2022, under the ticker symbol “APLD.” In addition, Applied granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less underwriting discounts and commissions.

Applied Blockchain, Inc. Announces Closing of Initial Public Offering

DALLAS, April 13, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (“Applied” or the “Company”) announced that yesterday it priced an initial public offering of 8,000,000 shares of its common stock at $5.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on April 13, 2022, under the ticker symbol “APLD.” In addition, Applied granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on April 18, 2022, subject to customary closing conditions.

Applied Blockchain, Inc. Prices $40 Million Initial Public Offering

Applied Blockchain has filed proposed terms for a $60 million IPO.

IPO Update: Applied Blockchain Proposes $60 Million IPO

Applied Blockchain Inc. said Friday it plans to raise up to $67 million in its initial public offering by selling about 3.24 million shares at an estimated price range of $16.54 to $20.54 a share with underwriters B. Riley Securities and Needham & Co. Dallas-based Applied Blockchain plans to trade on the Nasdaq under the symbol "APLD".

Applied Blockchain sets price terms in IPO

DALLAS, April 08, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (“Applied” or the “Company”), today announced it has launched an initial public offering of $60 million of its common stock, pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). In addition, Applied intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the offered common stock at the public offering price, less underwriting discounts and commissions. Applied intends to list on the Nasdaq Global Select Market under the ticker symbol “APLD.”

Applied Blockchain, Inc. Announces Launch of Initial Public Offering

Applied Blockchain has filed to raise $75 million in a U.S. IPO.

Applied Blockchain Continues With Crypto Mining IPO Trend

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DALLAS, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. ("Applied Blockchain" or the "Company") (PINK: APLD) today announced that it has signed a letter of intent to develop a 200-Megawatt (MW) hosting data center in West Texas. The development agreement is subject to negotiation of final documentation.

Applied Blockchain Signs LOI to Develop 200MW Next-Gen Data Center

DALLAS, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. ("Applied Blockchain" or the "Company") (PINK: APLD) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed public offering of its common stock. Applied Blockchain intends to apply to list the common stock on The Nasdaq Global Select Market under the ticker symbol “APLD.” The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Applied Blockchain Announces Filing of Registration Statement for Proposed Public Offering

DALLAS, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. ("Applied Blockchain" or the "Company") (PINK: APLD) today announced the addition of 70MW of long-term hosting contracts, bringing the Company's total long-term hosting contracts to 185MW. The newly added hosting agreements represent a 61% increase in Applied Blockchain's long-term hosting services, demonstrating the Company's execution on the growing demand for cryptocurrency mining solutions.

Applied Blockchain Increases Long-Term Hosting Contracts by 61% to 185MW

DALLAS, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. ("Applied Blockchain" or the "Company") (PINK: APLD) today announced a significant expansion of their services agreement with a strategic partner to include access to technology and resources for mining pool services. This expanded agreement will provide access to both the technology and technical support that once powered the largest Ethereum mining pool in the world, serving over 22% of the global Ethereum hashrate.

Applied Blockchain, Inc. Adds Pool Services Through Significant Partnership Expansion

DALLAS, Sept. 13, 2021 /PRNewswire/ -- Applied Blockchain, Inc. ("Applied Blockchain" or the "Company") (PINK: APLD) today announced it will host a groundbreaking ceremony at its first hosting facility site located in Jamestown, North Dakota.

Applied Blockchain, Inc. Announces Groundbreaking Ceremony for First Hosting Facility

DALLAS, Aug. 6, 2021 /PRNewswire/ -- Applied Blockchain, Inc. ("Applied Blockchain" or the "Company") (PINK: APLD) today announced it has entered into an Energy Service Agreement (ESA) with a utility partner located in the upper Midwest in support of its entry into the crypto hosting business. The agreement, which became effective on August 4, 2021, provides for up to 100 megawatts of power for five years and is subject to regulatory approval.

Applied Blockchain, Inc. Signs Energy Services Agreement with Utility Partner

In the news release, Applied Blockchain, Inc. Executes Purchase Agreement for Initial Mining Deployment, issued May 28, 2021 by Applied Blockchain, Inc. over PR Newswire, we are advised by the company that Applied Blockchain's ticker symbol was inadvertently omitted. The complete, corrected release follows: Applied Blockchain, Inc. Executes Purchase Agreement for Initial Mining Deployment Miners will be hosted in North America; Expected to be online in the coming weeks DALLAS, May 28, 2021 /PRNewswire/ -- Applied Blockchain, Inc. (OTC: APLD) today announced it has executed a Purchase Agreement with Sparkpool, the largest Ethereum mining pool in the world, to procure NVIDIA GPUs as part of the company's plan to scale a large Ethereum / Altcoin mining operation.

News for Applied Blockchain Inc Stock (APLD)