Applied Digital Stock Price, News & Analysis

Applied Digital (Nasdaq: APLD) received the initial draw from a previously disclosed perpetual preferred equity facility with Macquarie Asset Management totaling up to $5.0 billion. The first funding of $112.5 million was provided by MAM-managed funds to support construction of the 400MW Polaris Forge 1 AI Factory campus in Ellendale, North Dakota, which is designed to scale to 1GW and has leased the 400MW under construction to CoreWeave.

Proceeds will complete the 400MW buildout, fund platform G&A and transaction costs; Applied Digital expects near-term project financing to enable additional draws and does not anticipate further equity contributions to Polaris Forge 1.

Applied Digital (Nasdaq: APLD), a provider of sustainable data centers for AI, cloud, and blockchain workloads, has scheduled its fiscal first quarter 2026 earnings conference call for Thursday, October 9, 2025, at 5:00 p.m. Eastern Time.

The company will release its financial results for the quarter ended August 31, 2025, after market close on the same day. Management will provide prepared remarks followed by a Q&A session. The call will be available for replay for one year, with a phone replay option accessible until October 16, 2025.

Applied Digital (NASDAQ: APLD) has finalized a new 150MW lease agreement with CoreWeave at its Polaris Forge 1 Campus in North Dakota. This addition brings the total critical IT capacity to 400MW across three long-term lease agreements, with anticipated contracted lease revenue of approximately $11B.

The new facility will be housed in the third building of Polaris Forge 1, expected to be operational by 2027. The campus's first 100MW data center is scheduled for Q4 2025, while the second 150MW facility is expected to be ready by mid-2026. The campus is designed to scale up to 1 gigawatt and is projected to generate $2.7B in savings over 30 years through renewable power utilization and North Dakota's cool climate.

Applied Digital (Nasdaq: APLD) announced plans to break ground on Polaris Forge 2, a $3 billion, 280-megawatt (MW) AI Factory near Harwood, North Dakota in September 2025. The campus, designed with capacity to scale beyond 280MW, will begin initial operations in 2026 and reach full capacity in early 2027.

The facility will employ over 200 full-time employees and is being developed on more than 900 acres with power secured through Cass County Electric Cooperative. The company is in advanced negotiations with a U.S.-based investment-grade hyperscaler for this campus. This expansion follows the success of their Polaris Forge 1 Ellendale campus and reinforces North Dakota's position as a strategic destination for AI infrastructure.

Applied Digital (Nasdaq: APLD) reported fiscal Q4 and full year 2025 results, highlighting significant growth in its data center operations. Q4 revenues reached $38.0 million, up 41% year-over-year, while full-year revenues were $144.2 million, a 6% increase.

The company announced transformative 250MW AI data center leases with CoreWeave in North Dakota, expected to generate approximately $7 billion in contracted revenue over 15 years. CoreWeave subsequently exercised an option for an additional 150MW, potentially bringing total contracted revenue to $11 billion.

Despite revenue growth, APLD reported a Q4 net loss of $26.6 million ($0.12 per share) and a full-year net loss of $161.0 million ($0.80 per share). The company raised $268.9 million post-fiscal year end through stock sales and is advancing construction of its first 100MW HPC facility, scheduled for completion in H2 2025.

Applied Digital (Nasdaq: APLD), a provider of digital infrastructure for High-Performance Computing (HPC) applications, has scheduled its fiscal fourth quarter and full year 2025 earnings conference call for Wednesday, July 30, 2025, at 5:00 p.m. Eastern Time.

The company will release its financial results for the period ended May 31, 2025, after market close on the same day. Management will provide prepared remarks followed by a Q&A session. The call will be available for replay for one year, with a phone replay option available until August 7, 2025.

BASX, a subsidiary of AAON (NASDAQ: AAON), has announced a partnership with Applied Digital (NASDAQ: APLD) to provide custom cooling solutions for Applied Digital's AI data center campus in Ellendale, North Dakota. The collaboration centers on a specialized free cooling chiller system designed for the Polaris Forge 1 facility.

The innovative cooling system operates in three modes with zero water consumption: full free cooling, partial free cooling, and full mechanical cooling. This system is specifically engineered to handle the high power density requirements of AI infrastructure, which demands 15 to 30 times more power density than traditional data centers.

The solution leverages North Dakota's cold climate conditions and is optimized for liquid-cooled NVIDIA GPUs, demonstrating a scalable approach to thermal management that prioritizes efficiency and sustainability.

Applied Digital (APLD) releases a white paper detailing how strategic site selection and data center design can reduce AI infrastructure costs by up to $2.7B over 30 years. The company introduces Polaris Forge, its North Dakota-based data center region, highlighting potential savings of $50-60M annually per 100MW campus compared to traditional locations. The study emphasizes North Dakota's advantages, including 220+ days of free cooling and stranded power access. Their Polaris Forge 01 facility achieves a projected PUE of 1.18 and near-zero WUE through innovative cooling systems. Applied Digital recently secured a significant 15-year, $7B lease agreement with CoreWeave for 250MW deployment, demonstrating market confidence in their AI-optimized infrastructure strategy.

Applied Digital (APLD) has secured two 15-year lease agreements with CoreWeave to provide 250MW of critical IT load for AI and HPC infrastructure at its Ellendale, North Dakota data center campus. The agreements are expected to generate approximately $7 billion in total revenue over the term. The first 100MW data center is scheduled for completion in Q4 2025, followed by a 150MW facility in mid-2026. CoreWeave also has an option for an additional 150MW, potentially expanding their presence at the facility. The Ellendale campus is designed to host 400MW of critical IT load with potential to scale up to 1 gigawatt, featuring advantages such as rapid deployment capabilities, strategic location, and access to low-cost energy.