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.

Digital infrastructure specialist Applied Digital (NASDAQ: APLD ) — which focuses on next-generation data centers to undergird the rapidly expanding high-performance computing (HPC) industry — is making headlines on Friday. Specifically, the firm just inked a deal with an artificial intelligence (AI) customer through wholly owned subsidiary Sai Computing.

Is Applied Digital (APLD) Stock the Next Big AI Play?

Applied Digital announced that it has won a $460 million contract to provide AI computing services for a new customer. The company's push into AI-focused cloud computing services appears to be picking up steam.

Why Applied Digital Stock Is Soaring Again Today

Latest agreement represents the largest customer to date for Company's new AI Cloud Service Latest agreement represents the largest customer to date for Company's new AI Cloud Service

Applied Digital Announces Second AI Cloud Service Customer

DALLAS, June 23, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure that is designed for High-Performance Computing (“HPC”) applications, today announced that the Company hosted its major ribbon-cutting ceremony for the energizing of its newest 180-megawatt (MW) facility in Ellendale, North Dakota on Friday, June 16, 2023. The Company originally broke ground on the facility on September 8, 2022, and began operations on the new facility on March 7, 2023, only six months after the initial groundbreaking. Leadership from Applied Digital and Ellendale facility officers were joined by local congressional, state, and local representatives from North Dakota to support the milestone opening of the new facility.

Applied Digital Hosts Landmark Ribbon Cutting Celebrating the Energization of its 180MW Facility in Ellendale, North Dakota

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Applied Digital operates data centers for high-performance computing services. Its new data center in North Dakota passed an important test this week.

Why Applied Digital Stock Jumped 15.1% This Week

Rigorous Integrated Systems Test (IST) Test Ensures Data Center Reliability Rigorous Integrated Systems Test (IST) Test Ensures Data Center Reliability

Applied Digital Announces Successful Integrated Systems Test at Jamestown, North Dakota Facility for HPC Deployment

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DALLAS, May 19, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure that is designed for High Performance Computing (“HPC”) applications, today announced that the Company has reached an agreement for a loan with a maximum principal amount of $50.0 million. The Company intends to use the loan, which has a 2-year term and 9.0% interest rate, to provide additional liquidity to fund the buildout of its AI Cloud platform and datacenters.

Applied Digital Announces New $50 Million Loan to Accelerate Growth

Applied Digital shares got a significant price target increase from one analyst. This closely followed news that the data center specialist has begun offering artificial intelligence (AI) services.

Why Applied Digital Stock Zoomed Higher Again Today

Applied Digital generated sales of only $8.5 million last year. So far this year, the company has grown sales to more than $33 million.

Why Applied Digital Stock Rocketed 44% Today

Cloud Service Meets Surging Demand for High-Performance Computing (“HPC”) Power for AI Applications Across Industries Cloud Service Meets Surging Demand for High-Performance Computing (“HPC”) Power for AI Applications Across Industries

Applied Digital Launches Cloud Service to Empower Artificial Intelligence Applications

Applied Digital Corporation (NASDAQ:APLD ) Q3 2023 Earnings Conference Call April 6, 2023 9:00 AM 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 Rob Brown - Lake Street Capital George Sutton - Craig-Hallum Capital Group John Todaro - Needham and Company Mike Grondahl - Northland Capital Markets Kevin Dede - H.

Applied Digital Corporation (APLD) Q3 2023 Earnings Call Transcript

Applied Digital Corporation (APLD) delivered earnings and revenue surprises of 80% and 34.36%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?

Applied Digital Corporation (APLD) Reports Q3 Loss, Lags Revenue Estimates

Generated Sequential Revenue Growth of 14% Generated Sequential Revenue Growth of 14%

Applied Digital Reports Fiscal Third Quarter 2023 Financial Results and Provides an Operational Update

DALLAS, April 04, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure that is designed for High Performance Computing (“HPC”) applications, announced today that it has rescheduled its earnings conference call from Thursday afternoon to Thursday morning, April 6, 2023 to 9:00 a.m. Eastern time before the market open to discuss its operations and financial results from the fiscal third quarter ended February 28, 2023. A press release detailing these results will be issued before the market open on the same day.

Applied Digital Reschedules Fiscal Third Quarter 2023 Earnings Conference Call to Thursday, April 6, 2023 at 9:00 a.m. Eastern Time

DALLAS, March 23, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure that is designed for High Performance Computing (“HPC”) applications, will host a conference call on Thursday, April 6, 2023 at 5:00 p.m. Eastern time to discuss its operations and financial results from the fiscal third quarter ended February 28, 2023. A press release detailing these results will be issued after the close of trading on the same day.

Applied Digital Sets Fiscal Third Quarter 2023 Earnings Conference Call for Thursday, April 6, 2023 at 5:00 p.m. Eastern Time

I've been generally cautious about longing APLD shares in my previous coverage of Applied Digital. After a big selloff that has failed to give up support to this point, I think the negative Garden City news has been priced in.

Applied Digital: Okay, I'm In

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Applied Digital Corporation. (NASDAQ:APLD ) Q2 2023 Earnings Conference Call January 9, 2023 5:00 PM ET Company Participants Jeff Grampp - IR, Gateway Group, Inc. Wesley Cummins - CEO David Rench - CFO Conference Call Participants Lucas Pipes - B.

Applied Digital Corporation. (APLD) Q2 2023 Earnings Call Transcript

Generated Sequential Revenue Growth of 78% Generated Sequential Revenue Growth of 78%

Applied Digital Reports Fiscal Second Quarter 2023 Financial Results and Provides an Operational Update

DALLAS, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure that is designed for High Performance Computing (“HPC”) applications, will host a conference call on Monday, January 9, 2023 at 5:00 p.m. Eastern time to discuss its operations and financial results from the fiscal second quarter ended November 30, 2022. A press release detailing these results will be issued after the close of trading on the same day.

Applied Digital Sets Fiscal Second Quarter 2023 Earnings Conference Call for Monday, January 9, 2023 at 5:00 p.m. Eastern Time

Diversification of Applied Digital Corporation's customer base as a percentage of revenues is important to mitigate risk. Transitioning beyond the Bitcoin mining sector could be a good move for Applied Digital if demand is there and the company can attract new customers from other market sectors.

Applied Digital: A Lot Of Long-Term Potential If It Can Execute

The Company's Project in North Dakota Supports Applied Digital's Expansion and Market Demand for Hosting High-Performance Computing (HPC) Applications The Company's Project in North Dakota Supports Applied Digital's Expansion and Market Demand for Hosting High-Performance Computing (HPC) Applications

News for Applied Blockchain Inc Stock (APLD)