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.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Applied Digital Co. NASDAQ: APLD designs, develops and operates next-generation data centers accommodating artificial intelligence (AI) service providers in the high-performance computing (HPC) industry. The AI boom has been driving the demand for more data centers, which is driving demand for next-gen data centers that fall right in Applied Digital's wheelhouse.

Applied Digital Boosts Stock with Cutting-Edge AI Data Centers

LOS ANGELES--(BUSINESS WIRE)--CIM Group closes $125 million loan to Applied Digital for construction of HPC data center campus in Ellendale, North Dakota.

CIM Group Makes $125 Million Loan Commitment, Expandable up to $200 Million, to Support Applied Digital's Buildout of a High-Performance Computing Campus in Ellendale, North Dakota

DALLAS, June 07, 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 today that the Company has secured private financing from CIM Group, a leading investment firm and alternative asset manager with extensive experience in top-tier datacenter finance and development. APLD Holdings 2, LLC, a subsidiary of the Company (the “Borrower”), has issued a Promissory Note (the “Note”) for commitments that total $125 million at close (“Initial Commitments”). Of the Initial Commitments, $15 million will be drawn on the date hereof, and the remaining will be drawn subject to the satisfaction of certain conditions outlined in the Note. In addition to the Initial Commitments, the Note includes an accordion feature that allows for up to an additional $75 million of borrowings, subject to the mutual agreement of the Borrower and lender. Principal amounts repaid under the Note will not be available for reborrowing. In total, this financing provides the Company with up to $200 million to be used solely towards the buildout of its HPC Campus in Ellendale, ND.

Applied Digital Secures Private Debt Facility of up to $200 million to Accelerate HPC Data Center Project in Ellendale, North Dakota

Sirius XM Holdings Inc

Vimeo

Although there are cheap, promising penny stocks, investors should still be careful. Penny stocks can surge in value from time to time.

Penny Stocks with Promise: 3 Sub-$5 Picks Poised for Explosive Growth

DALLAS, May 24, 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 the Company recently entered into a private financing agreement with a single investor (the “Investor”), in which it issued a $42,131,579 unsecured convertible debenture. The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks. The conversion price for the note is the lower (a) $8.00 and (b) 95% of the lowest daily volume weighted average price of the Company's common stock during the five trading days immediately prior to the date of conversion. Below $8.00, the Investor is limited to converting no more than $16.0 million per month in the aggregate across all convertible debentures held by the Investor, which is roughly five percent of the previous thirty days value traded or less than two days of liquidity. Subject to the Investor's right to convert, the Company may prepay the note at any time that the Company's common stock trades below $8.00 or the thirtieth trading day after the registration statement registering the resale of the note's underlying shares becomes effective. The Investor has contractually agreed not to short the stock during the term of the note.

Applied Digital Issues Unsecured Convertible Debenture to Advance HPC Data Center Project in Ellendale, North Dakota

Mastercard

Riot Blockchain

Blockchain stocks to buy are gaining investor attention as the technology continues to disrupt various industries. We know names like Bitcoin ( BTC-USD ) and Ethereum ( ETH-USD ) often steal the limelight.

Wall Street Favorites: 3 Blockchain Stocks With Strong Buy Ratings for May 2024

DALLAS, May 08, 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 its participation in the 19th Annual Needham Technology & Media Conference, 24th Annual B. Riley Institutional Investor Conference, and 21st Annual Craig-Hallum Institutional Investor Conference.

Applied Digital Announces Upcoming Conference Participation

Aware

Data Storage Corp

It is quite clear that most penny stocks are at a crossroads right now. The market is currently recovering from the downturn we saw a few weeks back — strongly so.

3 Under-$5 Penny Stocks That Could Make You Millions

Todd Gale to Lead the Company's Datacenter Design Strategy, Leveraging Over 45 Years of Industry Experience Todd Gale to Lead the Company's Datacenter Design Strategy, Leveraging Over 45 Years of Industry Experience

Applied Digital Announces Appointment of Datacenter Industry Expert Todd Gale as Chief Development Officer

Unity Software

Metaverse stocks captured immense attention in 2021 before quickly fading from the investment scene. Many now dismiss metaverse stocks as artifacts of the zero interest rate era, and while there's truth in this, the reality is more nuanced.

Shhh! 3 Secret Metaverse Stocks Flying Below Wall Street's Radar

Benson Brings Over a Decade of Experience in Financial Services Joins the Board as Part of a Cooperation and Standstill Agreement with Oasis Management Company DALLAS, April 30, 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, has appointed Ella Benson as an independent director on its Board of Directors (the “Board”), effective May 6, 2024. Ella has also been appointed to serve as Chairperson of the Nominating and Governance Committee.

Applied Digital Appoints Ella Benson to Board of Directors

Rekor Systems Inc

AI stocks have cooled off significantly over the past few weeks due to bearish macroeconomic reports. GDP growth came in slower than expected, and inflation data came in slightly hotter than expected.

3 Low-Risk, High-Reward AI Stocks to Buy for 6,200% Gains

CleanSpark

Blockchain stocks may be a better way to play the cryptocurrency market than directly engaging. These stocks are of companies that effectively integrate blockchain technology across multiple industries, offering a more diversified exposure to investors.

3 Blockchain Stocks to Buy Now: Q2 Edition

Applied Digital (NASDAQ: APLD ) stock is falling on Friday following the release of the data center company's earnings report for its fiscal third quarter of 2024. The bad news for APLD stockholders starts with the company's adjusted earnings per share of -24 cents.

Why Is Applied Digital (APLD) Stock Down 6% Today?

Applied Digital Corporation (NASDAQ:APLD ) Q3 2024 Results Conference Call April 11, 2024 5:00 PM ET Company Participants Alex Kovtun - IR, Gateway Group, Inc Wes Cummins - Chief Executive Officer David Rench - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley George Sutton - Craig-Hallum Rob Brown - Lake Street Mike Grondahl - Northland Securities Darren Aftahi - ROTH John Todaro - Needham & Company Kevin Dede - H.C.

Applied Digital Corporation (APLD) Q3 2024 Earnings Call Transcript

Shares of Applied Digital APLD, +2.68% fell after the company's revenue missed estimates following a power outage.

Applied Digital shares fall after power outage dings results

Data-center services provider Applied Digital missed Wall Street estimates for third-quarter revenue on Thursday, pressured by a power disruption at its Ellendale data center unit in January.

Applied Digital misses quarterly revenue estimate amid power disruption at data center

DALLAS, April 11, 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 third quarter ended February 29, 2024. The Company also provided an operational update.

Applied Digital Reports Fiscal Third Quarter 2024 Results

DALLAS, April 09, 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 that, in light of a scheduling issue, has moved its fiscal third quarter 2024 earnings conference call to Thursday, April 11, 2024, at 5:00 p.m. Eastern time. Financial and operational results for the fiscal third quarter ended February 29, 2024, will be issued after the market closes on Thursday, April 11, 2024.

Applied Digital Reschedules Fiscal Third Quarter 2024 Earnings Conference Call to Thursday, April 11, 2024 at 5:00 p.m. Eastern Time

Innodata

Artificial intelligence and data centers go hand-in-hand these days. As companies generate more data and rely on complex algorithms, they need robust infrastructure to store and process all that information efficiently.

3 AI Data Center Stocks That Are About to Go Parabolic

Eventbrite

Loop Industries

Many high-growth companies have been trading sideways for months or even years at depressed valuations. But as the old adage goes, the stock market is a weighing machine in the long-run.

3 Stocks to Buy at Bargain-Basement Prices Before They Soar

There are some blockchain stocks that every investor should have on their radars. These companies are strong contenders in the blockchain space, and I think they are an alternative to investing directly in cryptocurrencies such as Bitcoin ( BTC-USD ).

Wall Street Favorites: 3 Blockchain Stocks With Strong Buy Ratings for April 2024

Amazon

Web3 stocks could reshape our digital future, ushering in an era of rapid growth and innovation. To put it plainly, the Web3 phenomenon is a paradigm shift, facilitating the creation of an ‘Internet of value.

Hot Stocks: The 3 Best Opportunities for Investing in Web3

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is It Worth Investing in Applied Digital Corporation (APLD) Based on Wall Street's Bullish Views?

DALLAS, April 01, 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 the Company recently entered into a private financing agreement with a single investor (the “Investor”), in which it issued a $50 million unsecured convertible debenture. The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks. The conversion price for the note is the lower (a) $6.00 and (b) 95% of the lowest daily volume weighted average price of the Company's common stock during the five trading days immediately prior to the date of conversion, subject to a floor price of $3.00, except that the Investor may, at its option, elect to use the $6.00 fixed conversion price. The Investor is limited to converting no more than $9.0 million per month, and may only begin to convert after May 1, 2024, except that these limitations do not apply if there's an event of default and the conversion price is set at $6.00. Subject to the Investor's right to convert, the Company may prepay the note at any time that the Company's common stock trades below $6.00 or the tenth trading day after the registration statement registering the resale of the note's underlying shares becomes effective. The Investor has contractually agreed not to short the stock during the term of the note.

News for Applied Blockchain Inc Stock (APLD)