BlackRock (APLD) holds 12.2M Applied Digital shares with 4.3% beneficial stake

Rhea-AI Filing Summary

BlackRock, Inc. reports beneficial ownership of 12,199,793 shares of APPLIED DIGITAL CORP common stock on an amended Schedule 13G, representing 4.3% of the class as of the reporting date. These shares are held by certain BlackRock business units grouped as the “Reporting Business Units.”

BlackRock has sole voting power over 11,664,055 shares and sole dispositive power over 12,199,793 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single person is entitled to more than five percent of the company’s outstanding common shares.

Key Figures

Beneficial ownership: 12,199,793 shares Percent of class: 4.3% Sole voting power: 11,664,055 shares +3 more

6 metrics

Beneficial ownership 12,199,793 shares Common stock of APPLIED DIGITAL CORP beneficially owned by BlackRock, Inc.

Percent of class 4.3% Percentage of APPLIED DIGITAL CORP common stock class held by BlackRock, Inc.

Sole voting power 11,664,055 shares Shares of APPLIED DIGITAL CORP over which BlackRock, Inc. has sole power to vote

Shared voting power 0 Shares of APPLIED DIGITAL CORP over which BlackRock, Inc. has shared voting power

Sole dispositive power 12,199,793 shares Shares of APPLIED DIGITAL CORP over which BlackRock, Inc. has sole dispositive power

Shared dispositive power 0 Shares of APPLIED DIGITAL CORP over which BlackRock, Inc. has shared dispositive power

Key Terms

beneficially owned, sole voting power, dispositive power, Schedule 13G, +1 more

5 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole Voting Power 11,664,055.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole Dispositive Power 12,199,793.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Schedule 13G regulatory

"In accordance with SEC Release No. 34-39538 this schedule reflects"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

parent holding company financial

"If a parent holding company has filed this schedule, pursuant to"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/27/2026 - 04:27 PM Accepted by SEC EDGAR 07/27/2026 - 04:25 PM Learn about SEC filing dates

FAQ

What percentage of APPLIED DIGITAL CORP (APLD) shares does BlackRock currently report owning?

BlackRock reports beneficial ownership of 4.3% of APPLIED DIGITAL CORP’s common stock. This corresponds to 12,199,793 shares held by certain BlackRock business units grouped as Reporting Business Units.

How many APLD shares does BlackRock have sole voting power over?

BlackRock has sole voting power over 11,664,055 shares of APPLIED DIGITAL CORP. It reports no shared voting power, meaning only these shares can be voted at BlackRock’s discretion.

How many APPLIED DIGITAL (APLD) shares can BlackRock solely dispose of?

BlackRock has sole dispositive power over 12,199,793 shares of APPLIED DIGITAL CORP common stock. It reports no shared dispositive power, indicating exclusive authority to direct how these shares are sold or otherwise disposed of.

Why does BlackRock’s APLD Schedule 13G/A mention ownership of 5 percent or less?

The filing states that BlackRock’s beneficial ownership is 4.3% of the class, which is 5 percent or less. It confirms that, while BlackRock remains a significant holder, its reported stake is below the five percent threshold.

Do any single BlackRock clients own more than 5% of APPLIED DIGITAL (APLD)?

No. The filing notes that various persons have rights to dividends or sale proceeds from APLD shares, but no one person’s interest exceeds five percent of APPLIED DIGITAL CORP’s total outstanding common shares.

Who signed the amended Schedule 13G/A for APPLIED DIGITAL (APLD) on behalf of BlackRock?

The Schedule 13G/A was signed by Spencer Fleming, identified as a Managing Director of BlackRock, Inc. The filing also references a Power of Attorney in Exhibit 24 supporting this authority.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

APPLIED DIGITAL CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

038169207

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 038169207

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,664,055.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,199,793.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,199,793.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: APPLIED DIGITAL CORP
(b)	Address of issuer's principal executive offices: 3811 TURTLE CREEK BLVD., SUITE 2100 DALLAS TX 75219
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 038169207
Item 4.	Ownership
(a)	Amount beneficially owned: 12199793
(b)	Percent of class: 4.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 11664055
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 12199793
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of APPLIED DIGITAL CORP. No one person's interest in the common stock of APPLIED DIGITAL CORP is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/27/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7