Applied Digital's stock fell 4% ahead of its quarterly earnings report despite announcing its first international power deal in Finland, which could provide up to 1 gigawatt of capacity starting in 2028. The decline also affected rivals IREN and Core Scientific, which dropped 4% each despite having no earnings reports due, suggesting sector-wide concerns rather than company-specific issues. The market is cautious due to the developers' high volatility and the uncontracted nature of the new Finland capacity. Investors will closely watch Applied Digital's earnings to see if contracted capacity translates into revenue, with the sector's risk priced in ahead of the report.
Applied Digital trades at USD 24.13 on Pluang, down 4.78% as of Oct 07, 2026 21:21 WIB. Its market cap is $7.58B with a 52-week low of $20.55. Core Scientific also fell 3.60%, priced at USD 16.08, reflecting sector volatility ahead of earnings.
Applied Digital's stock rose 3% following a new agreement securing access to up to 1 gigawatt of power capacity in Finland, marking its first data center development outside the U.S. This deal positions the company to expand internationally while lim...
Applied Digital is set to report a fiscal Q1 loss of $0.30 per share on $116.3 million revenue, reflecting ongoing investments in AI and high-performance data centers. The company has expanded its Polaris Forge 1 campus to 250 MW operational capacity...
Applied Digital announced it has brought an additional 75 megawatts of IT load online at its Polaris Forge 1 campus in North Dakota, marking a significant operational milestone. However, its stock fell 4%, along with peers IREN and Cipher Digital, am...
Applied Digital Corporation has been upgraded to Hold following improvements in operating metrics and contract diversification. The company's contracted lease revenue surged to $36 billion, although CoreWeave's share decreased to 30%. Live high-perfo...
