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Applied Digital Corporation  (APLD)
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Price: $4.5000 $0.27 6.383%
Day's High: $4.63 Week Perf: 7.14 %
Day's Low: $ 4.32 30 Day Perf: -4.66 %
Volume (M): 6,108 52 Wk High: $ 11.62
Volume (M$): $ 27,488 52 Wk Avg: $5.75
Open: $4.38 52 Wk Low: $1.97



 Market Capitalization (Millions $) 493
 Shares Outstanding (Millions) 110
 Employees 55
 Revenues (TTM) (Millions $) 127
 Net Income (TTM) (Millions $) -37
 Cash Flow (TTM) (Millions $) 17
 Capital Exp. (TTM) (Millions $) 104

Applied Digital Corporation
We design, build, and operate Next-Gen datacenters which are designed to provide massive computing power and support high-compute applications. Initially, these datacenters will primarily host servers securing the Bitcoin network but can also host hardware for other applications such as artificial intelligence, machine learning and other blockchain networks in the future. We have a colocation business model where our customers place hardware they own into our facilities and we provide full operational and maintenance services for a monthly recurring fee.

We typically enter into long term contracts with our customers.
We purchased property in North Dakota on which we constructed our first co-hosting facility. We entered into an Amended and Restated Energy Services Agreement for the purpose of supplying 100 megawatts ("MW") of electricity to be used by our co-hosting customers at this facility. We also entered into agreements with five customers (JointHash Holding Limited (a subsidiary of GMR), Spring Mud (a subsidiary of GMR), Bitmain Technologies Limited, F2Pool Mining, Inc. and Hashing LLC, ) which are expected to utilize the total available energy under the Amended and Restated Energy Services Agreement at our first facility and 85MW of energy at our second facility, once it is built and able to provide such energy. The company pays for energy from part of the revenue from customers.
Working with expert advisors in the fields of power, crypto mining operations, procurement, and construction, we have designed a plan for a prefabricated facility and organization within the facility that can be delivered and installed quickly and maximize performance and efficiency of the facility and our customers' crypto mining equipment. Construction of our first co-hosting facility began in September 2021. On February 2, 2022, we brought our first facility online. It is now fully operational.


   Company Address: 3811 Turtle Creek Boulevard Dallas 75219 TX
   Company Phone Number: 556-2465   Stock Exchange / Ticker: NASDAQ APLD
   APLD is expected to report next financial results on April 05, 2024.


Customers Net Income grew by APLD's Customers Net Profit Margin grew to


27.63 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DLR   -3.19%    
DOCN   -2.52%    
EQIX   -4.83%    
SQSP        2.15% 
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Contract

Applied Digital Divests Garden City Campus to Focus on Strategic HPC Sites in North Dakota, Cost of Sales Increase by 165.65% Year-on-Year

Published Fri, Mar 15 2024 12:00 PM UTC

Applied Digital Announces Divestiture of Garden City Campus to Marathon Digital Holdings, Focusing on Strategic HPC Sites in North DakotaApplied Digital, a leading technology company, has recently announced its decision to sell the Garden City campus to Marathon Digital Holdings, as part of its strategy to focus on strategic high-performance computing (HPC) sites in North Da...

Contract

Applied Digital Empowers Together AI with Cutting-Edge Computing Ecosystem, Reports Supplier Revenue Challenges, and Achieves Remarkable Cost of Sales Growth

Published Thu, Mar 14 2024 12:00 PM UTC

Together AI, a leading artificial intelligence company, will be leveraging the state-of-the-art computing capabilities provided by Applied Digital's dynamic computing ecosystem. The ecosystem comprises high-performance computing technologies such as the H100 GPUs and NVLink, which enable accelerated computing and improved performance in AI applications.The inclusion of H100 ...

Management Announcement

Applied Digital's Future Hangs in the Balance as Negotiation Extension Masks Financial Struggles

Published Fri, Mar 8 2024 1:05 PM UTC

Applied Digital Faces Challenges Despite Extension of Negotiation Period with Anchor Tenant
March 8, 2024 - Applied Digital Corporation, a leading designer and operator of digital infrastructure for High-Performance Computing (HPC) applications, announced today an extension of the negotiation period with an anchor tenant for its Ellendale, North Dakota campus. This con...

Financing Agreement

Applied Digital Secures $16 Million Loan for Jamestown HPC Data Center Campus

Published Tue, Mar 5 2024 1:06 PM UTC



In a recent announcement, Applied Digital Corporation (Nasdaq: APLD) revealed that it has successfully closed a loan agreement with The Bank of North Dakota and Cornerstone Bank, securing $16 million in financing for its state-of-the-art Jamestown High-Performance Computing (HPC) data center campus. This facility, specifically designed for next-generation digital i...

Management Changes

Rachel H. Lee Brings Extensive Board Experience to Applied Digital Corporation

Published Thu, Feb 22 2024 9:05 PM UTC



Applied Digital Corporation, a leading company in the Cloud Computing & Data Analytics industry, has elected Rachel H. Lee as a new member to its board of directors. With her significant investment executive background and expertise at various growth companies, Lee's addition to the board aims to strengthen Applied Digital's strategic direction and enhance its mark...






 

Applied Digital's Segments
 
 
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