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 designs, builds, and operates high-performance data centers and colocation services for artificial intelligence, high-performance computing, cloud, networking, and blockchain workloads. Company announcements focus on AI Factory campuses such as Polaris Forge and Delta Forge, hyperscaler leases, data-center construction, power-supply arrangements, and financing for large-scale compute infrastructure.
Applied Digital also reports operating and financial results for its Data Center Hosting and HPC Hosting businesses, including bitcoin-mining hosting and high-density compute capacity. Recent corporate developments include the completed separation of its cloud business into ChronoScale, a separate Nasdaq-listed company in which Applied Digital retained a majority ownership position.
Applied Digital (NASDAQ: APLD) priced $2.15 billion of 6.750% senior secured notes due 2031 at an issue price of 98%, with expected closing on or around March 10, 2026.
The net proceeds are earmarked to fund development and construction of 200 megawatts of critical IT load at the Polaris Forge 2 AI Factory campus in Harwood, North Dakota, and to fund Project Accounts and transaction expenses. The notes are fully and unconditionally guaranteed by current and future subsidiaries, secured by first‑priority liens, and carry customary completion guarantees from Applied Digital.
Babcock & Wilcox (NYSE: BW) received full notice to proceed on a $2.4 billion design-build agreement with Base Electron to deliver 1.2 GW of generation capacity via four 300 MW natural-gas boilers and steam turbine generators.
Siemens Energy was released to supply steam turbine generator sets, and Base Electron (backed by Applied Digital, Nasdaq: APLD) is evaluating an option for an additional 1.2 GW.
Babcock & Wilcox (NYSE: BW) reported Q4 2025 revenue of $161.0M, Q4 adjusted EBITDA of $16.4M (+53% YoY) and Q4 operating income of $12.2M. Full‑year 2025 revenue was $587.7M with adjusted EBITDA of $43.7M (+107% YoY).
The company signed full notice to proceed on a $2.4B AI data center project, raised backlog to $2.8B (470% increase) and reported a global pipeline exceeding $12.0B. Net debt was $119.7M after paying February 2026 bonds in December 2025.
Applied Digital (NASDAQ: APLD) announced that subsidiary APLD Compute 2 intends to offer $2.15 billion of senior secured notes due 2031 to fund construction of 200 megawatts of critical IT load at its Polaris Forge 2 AI Factory campus in Harwood, North Dakota.
The Notes will be offered privately under Rule 144A and Regulation S, be fully guaranteed by specified subsidiaries, secured by first-priority liens on substantially all APLD Compute 2 and guarantor assets, and backed by Applied Digital completion guarantees; the offering is subject to market conditions and may not be completed.
Applied Digital (NASDAQ: APLD) broke ground on Delta Forge 1, an AI Factory campus in a southern U.S. market designed for an initial 430 MW of utility power enabling up to 300 MW of critical IT load and the ability to scale further in 2028 and beyond. The campus will initially comprise two 150-MW facilities on more than 500 acres and is expected to support over 200 full-time employees plus long-term contractors. Applied Digital plans to use its proprietary AI Factory blueprint refined at Polaris Forge, aims for repeatable hyperscale deployment, and is in discussions with a prospective investment-grade hyperscale customer. Initial operations are expected to commence in mid-2027.
Applied Digital (NASDAQ: APLD) appointed co-founder Jason Zhang as President, effective Jan. 15, 2026, formalizing his longstanding leadership role as the company scales its AI Factory platform.
Mr. Zhang, who became Chief Strategy Officer in August 2025, will continue partnering with co-founder Wes Cummins, who remains Chairman and CEO, to steer strategic growth in AI infrastructure. Zhang’s background includes founding Valuefinder in 2019 and prior investment roles at Sequoia Capital and MSD Capital. The appointment is presented as a continuity move to support Applied Digital’s next phase of AI-focused expansion.
Applied Digital (Nasdaq: APLD) reported fiscal Q2 2026 continuing operations: revenues $126.6M (up 250% YoY), net loss $31.2M (down 76% YoY; $0.11 per share), Adjusted EBITDA $20.2M, and adjusted net income $0.1M. Polaris Forge 1 reached Ready‑for‑Service delivering 100 MW; CoreWeave holds 400 MW ($≈$11B prospective lease revenue) and a U.S. investment‑grade hyperscaler committed 200 MW at Polaris Forge 2 (≈$5B prospective lease revenue), totaling 600 MW and ≈$16B prospective revenue. Company closed a $2.35B senior secured notes offering, has drawn $900M of preferred equity financing to date, and held ≈$2.3B cash at quarter end.
Applied Digital (NASDAQ: APLD) and EKSO (NASDAQ: EKSO) agreed to a non-binding term sheet to combine Applied Digital Cloud with EKSO to form ChronoScale, an accelerated GPU compute platform for AI workloads.
ChronoScale would be purpose-built for dense GPU training and inference, leverage Applied Digital Cloud's early deployment of NVIDIA H100 GPUs, report twelve-month revenue of $75.2 million as of Aug 31, 2025, and be majority-owned (~97%) by Applied Digital upon closing.
The Proposed Transaction targets closing in H1 2026 and remains subject to due diligence, final documentation, regulatory and shareholder approvals, and other closing conditions.
Applied Digital (Nasdaq: APLD) will hold a conference call on Wednesday, January 7, 2026 at 5:00 p.m. ET to discuss operational and fiscal second quarter results for the period ended November 30, 2025. A press release with results will be issued after market close the same day. Management will deliver prepared remarks followed by Q&A.
Dial-in: 1-800-549-8228 (Conference ID 75943). Live webcast will be available with replay access for one year; phone replay runs Jan 7–14, 2026 at 1-888-660-6264 (passcode #75943).
Applied Digital (Nasdaq: APLD) entered a development loan facility with Macquarie on December 18, 2025 to fund pre-lease development costs for new AI-optimized data center campuses.
The facility provides early-stage capital for sourcing, planning, development and construction, with an initial $100 million in draws intended to support development activities tied to advanced-stage negotiations with an investment-grade hyperscaler. The financing is intended to align capital deployment with customer demand and accelerate site development.