Applied Digital reported a strong Q3 revenue increase of 139% to $126.6 million, driven by its HPC data center hosting business, beating analyst expectations. However, shares fell over 7% due to a net loss of $100.9 million caused by large write-downs and stock-based compensation. The company announced plans for a new 300 MW AI data center campus, Delta Forge 1, expected to start operations by mid-2027, and raised $2.15 billion to expand its Polaris Forge 2 facility. Applied Digital is also advancing a cloud business merger to form ChronoScale, where it will hold about 97% ownership.
Applied Digital Corporation announced a conference call on July 27, 2026, to discuss its fiscal fourth quarter and full-year financial results ending May 31, 2026. The company, known for designing and operating AI-focused data centers, will share upd...
Applied Digital is rated a Strong Buy with a price target of $54, suggesting an 86% upside from the current $29 price. The growth is driven by Polaris Forge 1 & 2 and Delta Forge 2 projects, expected to add $526 million in EBITDA and $0.68 in EPS. Th...
Applied Digital has evolved from focusing on crypto data centers to becoming a leading AI infrastructure platform, catering to the growing demand from hyperscalers for high-density capacity. The company holds $36 billion in contracted lease revenue a...
Applied Digital (APLD) has received a Buy rating due to its impressive triple-digit revenue growth and promising demand outlook in the data center sector, which is still early in its development. Despite a 230% stock price increase over the past year...
Applied Digital has transitioned from cryptocurrency mining to operating AI-focused data centers, securing $36 billion in long-term lease contracts over 15 years. The company generates $2 billion in annualized net operating income and is rapidly expa...
