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 (APLD) is a leading provider of next-generation data center solutions and cloud services powering high-performance computing (HPC), AI, and blockchain technologies. This dedicated news hub offers investors and industry professionals direct access to official company announcements and market-relevant updates.
Discover timely press releases covering APLD's data center expansions, cloud service innovations, and strategic partnerships. Our curated collection includes earnings reports, operational milestones, and technology deployments across its core segments: hyperscale data center hosting, GPU-accelerated cloud solutions, and energy-efficient infrastructure developments.
Bookmark this page to track APLD developments in critical areas including AI-ready data center design, HPC hosting advancements, and sustainable digital infrastructure solutions. Stay informed through verified updates that matter for understanding the company's position in high-growth tech sectors.
Applied Digital (APLD) has entered into a transformative $5.0 billion perpetual preferred equity financing facility with Macquarie Asset Management (MAM) for its HPC business. The agreement includes up to $900 million investment in the Ellendale HPC Campus and rights for MAM to invest up to an additional $4.1 billion across future data center projects.
The investment structure gives MAM a perpetual preferred and 15% common equity interest in Applied Digital's HPC business segment, while Applied Digital maintains an 85% ownership stake. The preferred equity will accrue a 12.75% annual dividend. The investment proceeds, combined with future project financing, will support the 400 MW Ellendale HPC Campus build-out, repay $180 million in bridge debt, and allow the company to recover over $300 million of its equity investment.
The closing is contingent upon executing a 100 MW hyperscaler lease at Ellendale. At closing, MAM will fund $225 million, with additional amounts available upon executing further acceptable leases.
Applied Digital (Nasdaq: APLD) has appointed Laura Laltrello as its new Chief Operating Officer, effective January 6, 2025. Laltrello brings nearly 20 years of executive leadership experience, with expertise in data center operations and large-scale infrastructure projects. She previously served as Vice President and General Manager of Building Automation Services at Honeywell International.
In her role as COO, Laltrello will work with the leadership team to execute the company's strategic vision and oversee daily operations. The appointment aims to strengthen Applied Digital's position in next-generation data centers and digital cloud solutions for AI applications.
As part of her employment package, Laltrello received an inducement award of 600,000 restricted stock units (RSUs), which will vest over three years. The award was granted outside the company's equity incentive plan and approved by the Board of Directors on December 27, 2024.
NEWSTAR Exchange has acquired Hadley Crossing, a 44-unit single-family rental community in Charlotte, North Carolina, and launched a new Delaware Statutory Trust (DST) offering for accredited investors. The property features 4-bedroom detached homes with premium amenities and achieved the #3 highest build-to-rent rental rates in Charlotte, with average household incomes exceeding $200,000.
The DST offering, Newstar 14 Hadley Crossing, is financed through Fannie Mae with 43% leverage and aims to raise approximately $14 million in equity. This marks NEWSTAR's fourth DST offering, following successful closures of three previous programs that raised over $50 million in equity. The property reached stabilization in less than 8 months and is being distributed by Preferred Capital Securities under Rule 506(c) of Regulation D.
Applied Digital (Nasdaq: APLD) has scheduled its fiscal second quarter 2025 earnings conference call for Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time. The company will discuss its operations and financial results for the quarter ended November 30, 2024. A press release with detailed results will be issued after market close on the same day. The call will include management's prepared remarks followed by a Q&A session. A replay will be available from 8:00 p.m. ET on January 14 through January 28, 2025.
Applied Digital (Nasdaq: APLD) has achieved a significant milestone in its Ellendale HPC data center development with the successful energization of its on-site main substation transformer. The event was attended by representatives from Applied Digital, Montana-Dakota Utilities (MDU), and local officials including Mayor Don Flaherty.
This advancement enables the company to begin equipment commissioning activities at the purpose-built facility designed for AI and high-performance computing applications. Additionally, Applied Digital has submitted a petition for annexation of its property to the City of Ellendale, which is expected to generate increased revenue streams and expanded municipal services for the community. The project's community impact was recently recognized at the 18th Annual Data Center Dynamics Awards.
Applied Digital (Nasdaq: APLD) has secured a $150 million senior secured debt financing with Macquarie Equipment Capital through its subsidiary APLD Holdings 2, The 18-month Note, issued on November 27th, 2024, features a 0.25% annual interest rate and includes warrants for 1,035,197 shares at $9.66 per share. This refinancing replaces the existing credit facility with CIM Group, removing parent guarantees and cross-collateralization of assets. The Note has a minimum return hurdle starting at 1.11x for the first four months, scaling to 1.35x over its term. The financing will support the company's Ellendale High Performance Computing data center campus development and provides flexibility for future corporate debt structuring.
Applied Digital (APLD) has completed its previously announced offering of 2.75% Convertible Senior Notes due 2030, raising $450 million. The offering includes $75 million in additional notes from exercised options by initial purchasers. The company implemented capped call transactions with a cap price of $14.72 and repurchased approximately $84 million of common stock. Net proceeds were $434.5 million after expenses, with allocations of $84 million for share repurchases, $51.8 million for capped call transactions, and the remainder for general corporate purposes.
Applied Digital (APLD) has announced the pricing of $375 million of 2.75% Convertible Senior Notes due 2030. The notes will be convertible into cash, shares, or a combination thereof at an initial conversion price of $9.75 per share, representing a 32.5% premium to the closing price. The company expects net proceeds of approximately $361.8 million.
The company plans to use $84 million for share repurchases, $43.1 million for capped call transactions, and the remainder for general corporate purposes. The notes will mature on June 1, 2030, with interest payable semi-annually at 2.75%. The company has also entered into capped call transactions with a cap price of $14.72 per share.
Applied Digital (Nasdaq: APLD) announced plans to offer $300 million in convertible senior notes due 2030 through a private offering to qualified institutional buyers. The company may grant initial purchasers an option for an additional $45 million. The notes will be convertible into cash, common stock, or a combination thereof. Applied Digital plans to use proceeds to fund capped call transactions, repurchase common stock up to one-third of the notes' principal amount, and for general corporate purposes. The notes will mature on June 1, 2030, with interest payable semi-annually starting June 1, 2025.
Applied Digital (Nasdaq: APLD) reported financial results for the fiscal first quarter ended August 31, 2024. Key highlights include:
- Revenues of $60.7 million, up 67% from the prior year period
- Net loss of $4.2 million, or $0.03 per basic and diluted share
- Adjusted EBITDA of $20.0 million
The company recently secured a $160 million private placement financing from institutional investors, NVIDIA, and Related Companies. Applied Digital is finalizing a lease agreement with a U.S.-based hyperscaler for its 100 MW facility under construction and plans to expand its Ellendale HPC Campus to 400 MW capacity.
The Cloud Services Business segment contributed $25.9 million in revenues. The company's data centers in Jamestown and Ellendale, North Dakota are operating at full capacity.
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