Applied Digital Corp. (APLD) Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
Sector: Services-Computer Processing & Data Preparation
Industry: Information Technology Services
Applied Digital Corp. NASDAQ:APLD Technology · Information Technology Services
CLOSED · Nov 6 $15.55 CLOSED · Nov 6 Prev close $14.17 Close $15.55 AH close $15.62 VOL 34.37M $ Vol $527.94M RVOL 1.22x
Mkt Cap $4.7B
VOL 34.37M sh
$ Vol $527.94M
RVOL 1.22×
Press Release ⚠ 3
When AI Debt Prices in the Mid-Teens, a Signed Lease and a Strong Co-Signer Matter More
This is a paid promotional commentary from Wall Street Investor (wsi.news) framed around AI-infrastructure credit costs, with Host Digital Inc. as the primary promoted name; APLD is discussed only in a summary paragraph rehashing previously disclosed results.
For APLD, the piece repeats its fiscal Q1 revenue of $341.9 million (up 322%), approximately 1.41 GW of leased critical IT load representing about $36 billion of contracted revenue, and the closing of $1.59 billion of 7.000% senior secured notes due 2031 to fund a third Polaris Forge 1 building.
The disclaimer confirms MEL was compensated by Creative Direct Marketing Group for Host Digital promotion and that content was reviewed and approved by Host Digital and CDMG — this is advertorial content, not issuer disclosure, and the APLD figures are not new information.
• 18d ago AI analysis › Press Release ⚠ 3
Soluna Agrees to Form Strategic Partnership with Applied Digital to Develop Wind-Powered AI Data Center in Texas
Applied Digital agreed to form a jointly owned company with Soluna Holdings to develop a planned 50 MW critical IT data center for AI and HPC at Project Dorothy 3 in Briscoe County, Texas, co-located with the 150 MW Briscoe Wind Farm.
Applied will hold 51% of the Project Company and provide development capital, while Soluna contributes land and power-related assets for a 49% stake; closing is expected by year-end, subject to a county tax abatement and other conditions.
ChronoScale, an Applied-majority-owned compute platform, signed a non-binding letter of intent to lease the facility — a potential anchor tenant, though no definitive lease is assured.
• 18d ago AI analysis › Press Release ⚠ 3
The Infrastructure Bottleneck Investors Should Watch as AI Demand Accelerates
This AINewsWire editorial is paid promotional coverage profiling AZIO AI Holdings and its behind-the-meter Atlas One campus in south Texas; Applied Digital is mentioned only as a fellow AI infrastructure operator.
For APLD specifically, the only content is a restatement of previously announced news: Ready for Service on the second phase of Building 2 at Polaris Forge 1, bringing operational critical IT load to 250 MW against a 400 MW full-buildout contract.
No new APLD disclosure, contract, or financial figure appears in the release; investors should treat it as marketing content, not issuer news.
• 25d ago AI analysis › Press Release ● Major ⚠ 5
Applied Digital Reports Fiscal First Quarter 2027 Results
Applied Digital reported fiscal Q1 2027 revenue of $341.9 million, up 322% year-over-year, driven by HPC Hosting tenant fit-out services and first full-quarter data center rental revenue.
The GAAP net loss from continuing operations widened to $221.0 million ($0.76 per share), weighed down by $77.4 million of interest expense and a $49.5 million derivative fair-value loss, while adjusted net loss was just $4.1 million and Adjusted EBITDA reached $64.4 million.
Operationally, the second 75 MW phase at Polaris Forge 1 went live October 1, bringing the campus to 250 MW, with ~1.41 GW leased across five campuses representing roughly $36 billion of base-term contracted revenue.
The balance sheet shows $3.7 billion of cash against $6.4 billion of debt after closing $1.59 billion of 7.000% Senior Secured Notes due 2031; the company also disclosed a Finland expansion of up to ~1 GW of potential power and a power agreement with Base Electron.
• 1mo ago AI analysis › Press Release ⚠ 3
Applied Digital Secures Up to 1 GW of Potential Power Capacity in Finland, Marking First International Development in the Nordics
Applied Digital has entered an agreement giving it access to up to 1 GW of potential power capacity in Finland, its first development opportunity outside the United States.
The company plans an AI Factory campus scalable to 1 GW, with initial power availability anticipated in 2028, and is already marketing the site to global hyperscale customers.
Management emphasized the deal is structured to limit initial exposure and maintain disciplined capital deployment, with future investment tied to customer demand and commercial milestones.
• 1mo ago AI analysis › Press Release
Applied Digital Brings an Additional 75 MW of AI Infrastructure Online at Polaris Forge 1
Applied Digital achieved Ready for Service for the second phase of Building 2 at its Polaris Forge 1 campus, adding 75 MW of critical IT load across three 25 MW data halls.
The milestone completes Building 2's full 150 MW and brings operational capacity at the Ellendale, North Dakota campus to 250 MW, against a fully leased 400 MW contracted at full buildout.
The delivery reinforces execution on the company's AI Factory buildout; capacity is already leased, so the focus shifts to converting operational megawatts into recognized lease revenue.
• 1mo ago AI analysis › Press Release
Applied Digital Sets Fiscal First Quarter 2027 Conference Call for Wednesday, October 7, 2026, at 5:00 p.m. Eastern Time
Applied Digital will host its fiscal first quarter 2027 earnings conference call on Wednesday, October 7, 2026, at 5:00 p.m. Eastern Time.
The call covers operations and financial results for the fiscal first quarter ended August 31, 2026, with the results press release issued after market close the same day.
This is a scheduling notice only and contains no financial results or guidance; agents should watch for the actual earnings release on October 7.
• 1mo ago AI analysis › Press Release ⚠ 3
AI Infrastructure: The Trillion-Dollar Market Growing Behind the AI Revolution
MarketNewsUpdates.com, a paid third-party news publisher, circulated an AI-infrastructure market commentary that was filed under the APLD ticker but contains no new disclosure from Applied Digital.
The only APLD-specific content is a recap of its fiscal fourth quarter ended May 31, 2026, noting completion of the Cloud Services Business separation with approximately 96% ownership of ChronoScale Holdings; no financial figures are restated.
The featured story concerns Vertical Data, which signed an LOI for an approximately $192.1 million five-year take-or-pay deployment of a 1,024-GPU NVIDIA B300 Blackwell Ultra cluster in Western Europe, alongside brief peer updates from IREN, Nebius/Palantir, and Hut 8.
MNU disclosed it was compensated forty eight hundred dollars for coverage of Vertical Data and holds no shares; treat this as low-signal promotional content with a neutral read-through for APLD beyond generic sector framing.
• 1mo ago AI analysis › Press Release ⚠ 3
A Single AI Data Center Lease Just Locked In Up to $3.2 Billion, and a Tiny Public Company Is About to Inherit It
This press release is a paid advertisement for Healthy Choice Wellness Corp. (HCWC) and Host Digital, referencing Applied Digital (APLD) solely as a sector comparable to validate the business model.
The primary news concerns Host Digital securing a 15-year lease worth up to $3.2 billion for 43 MW of capacity, with APLD described as a larger, more established operator with 'hundreds of megawatts under contract.'
There is no new corporate information or material impact on APLD; the article contains standard disclaimers regarding conflicts of interest and forward-looking statements for HCWC.
• 2mo ago AI analysis › Press Release ● Major ⚠ 1
The AI Revolution Is Winning the Software Race but Losing the Infrastructure Battle
Applied Digital announced a new long-term lease agreement at its Delta Forge 2 campus with a U.S.-based high investment-grade hyperscaler.
The agreement covers 210 MW of critical IT load under a 15-year take-or-pay structure, representing approximately $5.2 billion in base-term contracted revenue or $12.7 billion if renewal options are fully exercised.
This marks the company's fifth AI factory campus, significantly bolstering its position in the AI infrastructure market.
• 2mo ago AI analysis › Press Release ● Critical ⚠ 2
Applied Digital Reports Fiscal Fourth Quarter and Full Year 2026 Results
Applied Digital delivered a record fiscal Q4 with revenue surging 407% year-over-year to $258.7 million, driven by the rapid expansion of its HPC hosting business and positive Adjusted EBITDA of $42.4 million.
The company secured approximately $20 billion in new 15-year take-or-pay leases with a high-investment-grade hyperscaler across three campuses, bringing total contracted backlog to roughly $36 billion on a base term basis.
To fund this expansion, APLD closed $3.74 billion in senior secured notes and a revolving credit facility, while successfully spinning out its cloud services business into an independent public entity, ChronoScale.
• 3mo ago AI analysis › Press Release
Applied Digital Sets Fiscal Fourth Quarter and Full Year 2026 Conference Call for Monday, July 27, 2026, at 5:00 p.m. Eastern Time
Applied Digital announced it will host a conference call on Monday, July 27, 2026, at 5:00 p.m. Eastern Time to discuss fiscal fourth quarter and full year 2026 results.
The call will follow the release of the company's financial results after the market close on the same day.
Management is scheduled to provide prepared remarks regarding the period ended May 31, 2026, followed by a question-and-answer session.
• 3mo ago AI analysis › Press Release
Applied Digital Delivers Second Building at Polaris Forge 1
Applied Digital achieved Ready for Service for Phase 1 of Building 2 at Polaris Forge 1, delivering 75 MW of operational AI capacity on schedule.
This delivery brings total live capacity at the North Dakota campus to 175 MW, advancing progress toward the fully contracted 400 MW target.
CEO Wes Cummins highlighted the milestone as validation of the company's AI Factory franchise model and its ability to execute on complex infrastructure deployments.
• 4mo ago AI analysis › Press Release ● Major ⚠ 2
Montana-Dakota Utilities Announces Electric Service Agreement with Applied Digital for Proposed AI Factory
Montana-Dakota Utilities, a subsidiary of MDU Resources, entered into an electric service agreement with Applied Digital to power Polaris Forge 3, a proposed 430MW AI Factory in North Dakota.
The facility is backed by a previously announced 15-year lease with a U.S. hyperscaler, with initial operations anticipated to commence in August 2027.
This agreement expands Applied Digital's footprint in North Dakota, building on its existing Polaris Forge 1 site, though regulatory approval from the North Dakota Public Service Commission is still required.
• 4mo ago AI analysis › Press Release ● Major
Applied Digital Announces Pricing of $1.59 Billion of Senior Secured Notes to fund the Fourth Building at Polaris Forge 1
Applied Digital announced the pricing of $1.59 billion in 7.000% senior secured notes due 2031, issued by its subsidiary APLD ComputeCo 3 LLC.
The proceeds will fund the construction of 150 megawatts of critical IT load at the ELN-04 building within the Polaris Forge 1 AI Factory campus in Ellendale, North Dakota.
The offering also allows the company to repay its existing bridge loan facility with Goldman Sachs Bank USA, replacing short-term debt with long-term fixed-rate financing.
• 4mo ago AI analysis › Press Release ● Major ⚠ 3
Applied Digital Announces Proposed Offering of $1.59 Billion of Senior Secured Notes to fund the Fourth Building at Polaris Forge 1
Applied Digital announced a proposed private offering of $1.59 billion in senior secured notes due 2031 through its subsidiary APLD ComputeCo 3.
The net proceeds will fund the construction of 150 megawatts of critical IT load at the fourth building (ELN-04) of the Polaris Forge 1 AI Factory campus in Ellendale, North Dakota.
The offering also intends to repay the existing bridge loan facility provided by Goldman Sachs Bank USA and fund debt service reserves. The notes will be secured by first-priority liens on substantially all assets of the subsidiary and its guarantors.
• 4mo ago AI analysis › Press Release ● Major
Applied Digital Signs 210 MW Lease at Delta Forge 2, Expanding Its AI Factory Franchise Model to a Fifth Campus
Applied Digital signed a 15-year take-or-pay lease for 210 MW of critical IT load at its Delta Forge 2 campus with a U.S. investment-grade hyperscaler.
The deal represents $5.2 billion in base-term revenue, or $12.7 billion if all renewal options are exercised, marking the company’s fifth AI Factory campus.
This agreement expands Applied Digital’s total contracted portfolio to 1.4 GW of IT load and $36 billion in base-term revenue, with 70% now backed by investment-grade hyperscalers.
• 5mo ago AI analysis › Press Release
Applied Digital Secures Revolving Credit Facility of Up To $550 Million in Support of Strategic Growth
globenewswire.com • 5mo ago Press Release ● Major
Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3
Applied Digital signed a 15-year take-or-pay lease for its Polaris Forge 3 campus with a U.S. high investment-grade hyperscaler, valued at $7.5 billion in base revenue.
The deal adds 300 MW of critical IT load, bringing the company’s total contracted capacity to 1.2 GW across four AI Factory campuses.
Total contracted lease revenue now stands at $31 billion, rising to $73 billion if all renewal options are exercised, with 65% backed by investment-grade hyperscalers.
• 5mo ago AI analysis › Press Release ● Major
Applied Digital Completes Separation of Cloud Business, Establishing ChronoScale as Independent Public Company
Applied Digital completed the separation of its cloud business, contributing the assets to EKSO Bionics, which has renamed itself ChronoScale Corporation and will trade under the ticker CHRN.
Applied Digital retains approximately 97% ownership of ChronoScale following the issuance of roughly 138 million shares and a concurrent $15.75 million cash investment for 1.4 million additional shares.
The strategic move separates APLD's long-duration data center hosting platform from the shorter-cycle cloud compute layer, allowing each business to pursue tailored capitalization and growth strategies.
• 6mo ago AI analysis › Press Release ⚠ 2
Applied Digital Announces $300 Million Senior Secured Bridge Facility
Applied Digital closed a $300 million senior secured bridge facility led by Goldman Sachs to fund the third AI data center at its Polaris Forge 1 campus in Ellendale, North Dakota.
The 364-day term loan carries an interest rate of SOFR plus 275 basis points and is secured by the project's assets.
Management indicated the company expects to seek additional financing to complete the construction of the facility.
• 6mo ago AI analysis › Press Release ● Major
Applied Digital Announces New U.S. Based High Investment-Grade Hyperscaler Tenant at Delta Forge 1, a 430 MW AI Factory Campus
Applied Digital signed a 15-year lease agreement with a new U.S. investment-grade hyperscaler for 300 MW at its Delta Forge 1 campus.
The deal carries a total contracted value of approximately $7.5 billion, bringing total contracted lease revenue to over $23 billion across its portfolio.
Additionally, the company anticipates securing up to $600 million in new credit facilities to fund development activities and working capital.
• 6mo ago AI analysis › Press Release ● Major
Applied Digital Reports Fiscal Third Quarter 2026 Results
globenewswire.com • 7mo ago Press Release ● Major
Applied Digital Sets Fiscal Third Quarter 2026 Conference Call for Wednesday, April 8, 2026, at 5:00 p.m. Eastern Time
globenewswire.com • 7mo ago Press Release ● Critical
Applied Digital Announces Pricing of $2.15 Billion of Senior Secured Notes to fund Polaris Forge 2 Campus
globenewswire.com • 8mo ago Press Release ● Critical
Applied Digital Announces Proposed Offering of $2.15 Billion of Senior Secured Notes to fund Polaris Forge 2 Campus
globenewswire.com • 8mo ago 
