Applied Blockchain Inc

Applied Digital Corp. operates as a technology company, which engages in the development and operation of data centers which provide computing power. The company was founded in May 2001 and is headquartered in Dallas, TX.

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Applied Digital reports Q1 net loss, aims for diversified revenue

Applied Digital is making progress in diversifying revenue streams and expanding its HPC capabilities. However, the company faces challenges in financing and the approval process for the Garden City facility. Despite this, the anticipated demand for HPC presents significant growth opportunities.

Applied Digital reports strong Q2 earnings and outlines growth opportunities

Applied Digital's strong financial performance and strategic goals demonstrate a promising outlook for the company. While there are challenges related to financing and cash flow management, the opportunities presented by the robust pipeline for AI cloud service and continuous delivery of orders indicate potential for significant growth. The company's partnerships with OEMs and focus on expanding AI cloud services and next-gen HPC datacenters further strengthen their position in the market.

Applied Blockchain Inc surpasses Q3 revenue targets, eyes HPC expansion

Applied Blockchain Inc's Q3 performance exceeded expectations, driven by HPC operations, with a focus on revenue diversification and operational efficiency. Despite challenges in financing and weather-related issues, the company is optimistic about revenue growth potential and expanding customer base.

Applied Blockchain Inc reports strong Q4 earnings and ambitious 2024 goals

Applied Blockchain Inc's Q4 2023 earnings call showcased robust financial performance, strategic goals for 2024, and promising revenue guidance.
While the company faces challenges such as high debt levels and operational losses, its focus on innovation and revenue diversification presents growth opportunities.
Investors should monitor the company's progress in managing debt, improving profitability, and enhancing financial transparency to assess its long-term viability.

Applied Blockchain Inc reports robust Q1 earnings and growth outlook

Applied Blockchain Inc (APLD) delivered strong financial results in Q1 2024, driven by operational excellence and strategic growth initiatives.
Despite potential challenges in meeting demand and scaling operations, the company's focus on technological advancement and securing key partnerships positions them for future success.
With a clear roadmap for growth and reaffirmed revenue expectations, Applied Digital demonstrates confidence in their ability to sustain financial performance and capitalize on market opportunities.

Applied Blockchain Inc reports Q2 growth amid rising Bitcoin demand

Applied Blockchain Inc's Q2 2024 performance reflects revenue growth driven by high demand for hosting services amidst rising Bitcoin costs.
The company faces challenges with infrastructure improvements, delays in GPU deployment, and increased costs impacting financial results.
Strategic strengths include expanding data center operations, infrastructure development, and proactive marketing initiatives targeting new markets.
Opportunities lie in rising Bitcoin prices, new enterprise market demand, and expectations of improved cash flow from data centers, positioning the company for future growth.

Applied Blockchain Inc reports mixed Q3 results amid growth opportunities

Applied Blockchain Inc faced challenges from power outages impacting financial performance but showed strength in revenue generation and balance sheet improvement.
The company is well-positioned for growth with significant progress in cloud services and data center development, along with strategic partnerships in place.
Opportunities lie in expanding capacity, securing contracts, and addressing operational challenges to drive future success and profitability.

Applied Blockchain Inc reports mixed Q4 results, eyes growth opportunities

Applied Blockchain Inc delivered strong revenue performance in Q4 2024 but faced challenges with increased costs leading to a net loss.
The company's focus on strategic growth initiatives and securing funding post-fiscal year-end indicate a commitment to long-term success.
Opportunities lie in revenue diversification, strategic partnerships, and operational efficiency to drive profitability and shareholder value.
Anticipated sequential improvements in Q1 2025 signal a positive trajectory for Applied Blockchain Inc's financial performance.

Applied Blockchain Inc (APLD) reports robust Q1 growth and strategic investments

Applied Blockchain Inc (APLD) delivered strong revenue growth and operational performance in Q1 2025.
While facing challenges such as a net loss and high debt, the company is strategically positioned for future growth.
Investments in data centers and cloud services underscore a commitment to capitalizing on market opportunities.

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Applied Digital Corp. is a technology company, which engages in the provision of development and operation of data centers which provide computing power. It operates through the following segments: Cloud Services Business, HPC Hosting Business, and Data Center Hosting Business. The company was founded by Wesley Carl Cummins and Jason Zhang in May 2001 and is headquartered in Dallas, TX.

The average of price targets set by Wall Street analysts indicates a potential upside of 37.5% in Applied Digital Corporation (APLD). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Applied Digital Corporation (APLD) Have the Potential to Rally 37.48% as Wall Street Analysts Expect?

DALLAS, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing applications, today completed its previously announced offering of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $450 million, which includes $75 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes granted to the initial purchasers, which the Initial Purchasers exercised in full on October 31, 2024.

Applied Digital Corporation Announces Closing of $450 Million of Convertible Notes Offering

DALLAS, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced the upsize and pricing of its offering of $375 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”). The Convertible Notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Applied Digital Corporation Announces Upsize and Pricing of $375 Million of Convertible Notes Offering

DALLAS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced that it intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of convertible senior notes due 2030 (the “Convertible Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Applied Digital Corporation Announces Proposed Private Offering of $300 Million of Convertible Notes

APLD shares benefit from an expanding data center capacity, which is expected to aid top-line growth. However, stretched valuation is a concern.

Applied Digital Shares Rise 23% Year to Date: To Buy or Not to Buy?

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Applied Digital Corp. NASDAQ: APLD stock has been volatile since it reported earnings after the market closed on October 9. After gaining 4% in after-hours trading, APLD stock moved sharply lower by 12.8% in pre-market trading.

Volatility in Applied Digital May Create an Entry Opportunity

Applied Digital Corporation (NASDAQ:APLD ) Q1 2025 Earnings Conference Call October 9, 2024 5:00 PM ET Company Participants Matt Glover - IR, Gateway Group, Inc Wes Cummins - CEO David Rench - CFO Conference Call Participants Lucas Pipes - B. Riley Darren Aftahi - ROTH Rob Brown - Lake Street Mike Grondahl - Northland Securities George Sutton - Craig-Hallum John Todaro - Needham & Company Michael Davin - H.C.

Applied Digital Corporation (APLD) Q1 2025 Earnings Call Transcript

Applied Digital Corporation (APLD) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.10 per share a year ago.

Applied Digital Corporation (APLD) Reports Q1 Loss, Tops Revenue Estimates

On October 9, 2024, Applied Digital Corp (APLD, Financial) released its 8-K filing for the fiscal first quarter ended August 31, 2024. The company, a leader in next-generation digital infrastructure, reported a significant revenue increase, although it faced challenges with net losses.

Applied Digital Corp (APLD) Reports Q1 Revenue of $60.7M, Beating Estimates; EPS Loss of $0.

DALLAS, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“HPC”) applications, cloud services (“Cloud Services”), and data center hosting (“Data Center Hosting”), reported financial results for the fiscal first quarter ended August 31, 2024. The Company also provided an operational update.

Applied Digital Reports Fiscal First Quarter 2025 Results

Applied Digital Corporation APLD will release earnings results for its first quarter, after the closing bell on Wednesday, Oct. 9.

Top Wall Street Forecasters Revamp Applied Digital Price Expectations Ahead Of Q1 Earnings

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Amazon recently announced that it will invest several billions more in UK-based data centers. In the AI server space, Dell Technologies and Super Micro have also benefited from the data center boom, up 71% and 82%, respectively, in the past 12 months. Bitcoin miners are increasingly pivoting to artificial intelligence data center operations, leveraging their existing infrastructure and expertise to capitalize on the growing demand for AI computing.

12 Stocks To Profit From The Boom In Data Centers And Artificial Intelligence

Applied Digital Corporation (APLD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Applied Digital Corporation (APLD) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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CORZ, WULF and APLD Stocks Set to Boom? Thank AI/ Bitcoin Data Centers

The Applied Digital (APLD) stock price has gone parabolic in the past few days, making it one of the best-performing companies in Wall Street. The stock surged to a high of $6.60, its highest point since July 17th and 120% above its lowest point this month.

Very good news for Applied Digital (APLD) stock; but risks remain

Applied Digital NASDAQ: APLD saw its stock soar nearly 20% last week after announcing a significant $160 million strategic financing deal through a private placement, priced at market value. This investment came from institutional and accredited investors, including tech giant NVIDIA NASDAQ: NVDA and Related Companies, one of the largest privately-owned real estate firms specializing in complex infrastructure and data center development.

Is Applied Digital's Stock Set to Surge With NVIDIA's Backing?

The investment will help Applied Digital build data centers optimized for high-performance computing.

Nvidia Invested in Applied Digital, and the Stock Price Soared by 65%

Applied Digital faces significant financial challenges, including negative gross margins, and substantial net losses, necessitating recent capital raises. Despite raising $210 million, including a $160 million private placement involving NVIDIA, concerns about true market demand for AI/HPC services persist. The NVIDIA deal raises questions about demand sustainability, as NVIDIA's vendor financing may indicate oversupply rather than genuine market need.

Applied Digital: Q4 2024 Earnings And Nvidia Investment

Applied Digital Corporation (APLD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Applied Digital Corporation (APLD) Soars 65.7%: Is Further Upside Left in the Stock?

Data center operator Applied Digital is the latest company benefiting from investors' artificial intelligence appetites. The firm raised $160 million in a financing round that included backers like AI chip giant Nvidia, The Wall Street Journal reported Thursday (Sept.

Nvidia Contributes to $160 Million Applied Digital Funding Round

Applied Digital shares soared nearly 43% in early trading on Thursday, after the data center operator said it would receive $160 million in financing from a group of investors, including chip giant Nvidia.

Applied Digital surges on funding deal with investors, including Nvidia

DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, today announced it has entered into a private financing arrangement with a single investor (the “Investor”), pursuant to which the Company has issued $53.2 million in convertible preferred stock for net proceeds of $50 million.

News for Applied Blockchain Inc Stock (APLD)