Welcome to our dedicated page for Applied Digital news (Ticker: APLD), a resource for investors and traders seeking the latest updates and insights on Applied Digital stock.
Applied Digital Corporation (NASDAQ: APLD) is a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. The APLD news feed on Stock Titan aggregates company announcements, financial updates, and operational milestones that illuminate how Applied Digital is expanding its AI Factory and hosting platforms.
Recent news highlights include Ready-for-Service milestones at the Polaris Forge 1 AI Factory campus in Ellendale, North Dakota, where Applied Digital has fully energized a 100 MW building as part of a 400 MW deployment under long-term leases with CoreWeave. The company has also announced a long-term lease at its under-construction Polaris Forge 2 campus near Harwood, North Dakota, with a U.S.-based investment-grade hyperscaler for 200 MW of AI and HPC capacity.
Investors following APLD news can track updates on large-scale financing arrangements, such as a $2.35 billion senior secured notes offering and preferred equity funding commitments from Macquarie Asset Management, which support the build-out of Polaris Forge 1 and Polaris Forge 2. Additional coverage includes developments in the company’s Data Center Hosting Business for Bitcoin and crypto mining customers, investments in advanced cooling technologies through partnerships like Corintis, and governance actions such as equity plan amendments and leadership appointments.
The news stream also covers Applied Digital’s proposed spin-out of its cloud business into ChronoScale through a business combination with Ekso Bionics Holdings, Inc., providing insight into how the company is structuring its AI-focused cloud and data center operations. For readers interested in AI infrastructure, hyperscaler leases, and data center financing, the APLD news page offers a centralized view of Applied Digital’s disclosed corporate activities and strategic direction.
Applied Digital Corporation (Nasdaq: APLD) reported its fiscal third quarter 2023 results, showcasing a revenue of $14.1 million, marking a 14% growth sequentially. While the company recognized an adjusted EBITDA of $0.9 million, it recorded an adjusted loss of $1.4 million, or $0.01 per share. The completion of its latest co-hosting facility in Ellendale, North Dakota, with a capacity of 180 MW, signifies progress, as it began energization in early March. Additionally, the company confirmed the start of operations in its Jamestown HPC facility within 4-5 weeks. Management remains optimistic about diversifying its customer base in the HPC market despite ongoing strong demand from cryptocurrency miners.
Applied Digital Corporation (Nasdaq: APLD) has announced the rescheduling of its earnings conference call to April 6, 2023, at 9:00 a.m. Eastern time, to discuss operations and financial results for the fiscal third quarter ended February 28, 2023. This change from the original Thursday afternoon timing aims to facilitate better engagement with investors. A detailed press release outlining these results will precede the call. Interested parties can join the call via designated U.S. and international dial-in numbers, with a replay available post-call until April 20, 2023.
Applied Digital Corporation (Nasdaq: APLD) will host a conference call on April 6, 2023, at 5:00 p.m. Eastern time to discuss its fiscal third quarter results ending February 28, 2023. The financial results will be released after market close on the same day. The call will include a prepared remarks section followed by a Q&A. Interested parties can join by dialing the U.S. number 1-877-407-0792 or the international number 1-201-689-8263, using the Conference ID 13736971. A replay will be available from 9:00 p.m. Eastern on April 6 through April 20, 2023.
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