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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 (Nasdaq: APLD) reported financial results for the fiscal third quarter ended February 29, 2024, with total revenue of $43.3 million and an adjusted EBITDA loss of $2.3 million. The company strengthened its balance sheet with $160 million in asset sales and financing transactions. Operational highlights include an LOI with a US-based hyperscaler for a 400 MW capacity lease and progress in restoring Ellendale's capacity. Despite challenges from outages, the HPC and Cloud Services sectors show growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.73%
Tags
-
Rhea-AI Summary
Applied Digital (Nasdaq: APLD) reschedules fiscal third quarter 2024 earnings conference call to April 11, 2024, due to a scheduling issue. Financial and operational results for the quarter ended February 29, 2024, will be disclosed after the market closes. The management will present prepared remarks and engage in a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
-
Rhea-AI Summary
Applied Digital (APLD) secures $50 million unsecured convertible debenture in private financing agreement to advance construction of HPC data center in North Dakota. The company plans to use the funds from the financing and the sale of the Garden City facility for project development. The Investor has restrictions on conversion and shorting the stock, ensuring stability. Northland Capital Markets and Lowenstein Sandler LLP facilitated the financing process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.97%
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none
Rhea-AI Summary
Applied Digital (Nasdaq: APLD) to host a conference call on April 10, 2024, to discuss fiscal third-quarter financial results. The call will feature prepared remarks and a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
-
Rhea-AI Summary
Applied Digital (Nasdaq: APLD) collaborates with NVIDIA to use the latest Blackwell platform-based GPUs for HPC applications, aiming to provide cutting-edge computing power for AI, machine learning, and graphics rendering. This move showcases Applied Digital's commitment to innovation and technological advancement in digital infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
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none
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Rhea-AI Summary
Applied Digital (APLD) announced the sale of its 200 MW campus in Garden City, TX to Marathon Digital Holdings for a net purchase price of $87.3 million, focusing on strategic HPC sites in North Dakota. The transaction will release $12 million of restricted cash and is expected to close in Q2 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.38%
Tags
none
Rhea-AI Summary
Applied Digital Corporation (APLD) announces a partnership with Together AI, a research-driven artificial intelligence company, to utilize APLD's dynamic computing ecosystem with H100 GPUs and NVLink technology. APLD received an $18 million prepayment as part of a $75 million contract. The collaboration aims to meet the growing demands of AI and HPC markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.24%
Tags
AI
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Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) extends negotiation period for datacenter capacity agreement at Ellendale campus until March 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.34%
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none
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Rhea-AI Summary
Applied Digital Corporation (APLD) secures a $16 million loan agreement for its 10MW Jamestown HPC data center campus. The loan, with a 5-year term, is from The Bank of North Dakota and Cornerstone Bank. The funding will support operations at the data center for hosting HPC/AI applications, showcasing strong banking relationships and commitment to digital infrastructure development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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none
Rhea-AI Summary
Applied Digital Corporation appoints Rachel H. Lee, an experienced investment executive, as an independent director to its Board of Directors. Lee brings significant finance and board experience to the company, having served in key roles at Ares Management Corporation and J.P. Morgan. Her appointment follows the resignations of two directors, Kelli McDonald and Virginia Moore.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.58%
Tags
management
Applied Digital Corporation

Nasdaq:APLD

APLD Rankings

APLD Stock Data

300.71M
84.50M
27.78%
56.03%
17.31%
Data Processing, Hosting, and Related Services
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United States
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