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Applied Digital Corporation - APLD STOCK NEWS

Welcome to our dedicated news page for Applied Digital Corporation (Ticker: APLD), a resource for investors and traders seeking the latest updates and insights on Applied Digital Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Applied Digital Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Applied Digital Corporation's position in the market.

Rhea-AI Summary
Applied Digital Corporation joins the AI Alliance to foster open innovation and responsible AI development. The company's CEO emphasizes the importance of collaboration for ethical and sustainable AI progress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.06%
Tags
AI
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Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) secured a $20 million unsecured loan with a 12.5% interest rate to fund the buildout of its HPC data centers. The company also obtained $16 million in site-level financing for its Jamestown HPC facility. CFO David Rench expressed confidence in the company's growth trajectory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.86%
Tags
none
-
Rhea-AI Summary
Applied Digital Corporation (APLD) has signed a conditional agreement to provide datacenter capacity at its Ellendale, North Dakota campus, with a total contract value of approximately $2.2 billion over a 10-year term, subject to finalization of definitive lease documents and securing project-level financing. This further validates the company's cost-effective high-performance compute solutions for High-Performance Computing (HPC) applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.17%
Tags
none
Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) reported a 16% sequential revenue growth, with total revenue of $42.2 million, net loss of $10.5 million, and adjusted EBITDA of $10.6 million for the fiscal second quarter ended November 30, 2023. The company is on track to reach 500 MW across its three hosting facilities and has entered into a conditional agreement to provide datacenter capacity. The company experienced a net decrease in cash, cash equivalents, and restricted cash during the six months ended November 30, 2023 of $8.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.17%
Tags
earnings
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Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) will host a conference call on January 16, 2024, to discuss its operations and financial results from the fiscal second quarter ended November 30, 2023. The call will be broadcast live and a press release detailing the results will be issued before the market open on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
earnings
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Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) announced a long term Retail Electric Service Agreement with TerraForm Power for its 200-megawatt next-generation datacenter in Garden City, Texas. The facility directly interconnects with a Wind Farm owned by TerraForm Power. This partnership is a testament to Applied Digital's industry-leading digital infrastructure platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
none
Rhea-AI Summary
Applied Digital Corporation (APLD) energizes 200MW facility in Garden City, Texas, marking a significant milestone in the company's growth efforts to meet the increasing demand for low-cost scalable digital infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.55%
Tags
conferences
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Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) announced the election of Kate Reed as an independent director on its Board of Directors. Reed brings over a decade of experience in AI, Cloud Computing, and Technology Leadership from her tenure at IBM Corporation and Red Hat. Her expertise in Artificial Intelligence and Cloud Computing will be instrumental in driving Applied Digital's long-term expansion in the sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.66%
Tags
management
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Rhea-AI Summary
Applied Digital Corporation (APLD) Partners with WEKA to Enhance AI Cloud Service with Accelerated Software Architecture for GPU Utilization and Efficiency
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
Tags
partnership AI
Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) Announces Participation in Financial Conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.99%
Tags
conferences
Applied Digital Corporation

Nasdaq:APLD

APLD Rankings

APLD Stock Data

577.27M
84.01M
27.63%
56.92%
16.38%
Data Processing, Hosting, and Related Services
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United States
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