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Applied Digital - APLD STOCK NEWS

Welcome to our dedicated page for Applied Digital news (Ticker: APLD), a resource for investors and traders seeking the latest updates and insights on Applied Digital stock.

Applied Digital Corporation (APLD) is a leading provider of next-generation data center solutions and cloud services powering high-performance computing (HPC), AI, and blockchain technologies. This dedicated news hub offers investors and industry professionals direct access to official company announcements and market-relevant updates.

Discover timely press releases covering APLD's data center expansions, cloud service innovations, and strategic partnerships. Our curated collection includes earnings reports, operational milestones, and technology deployments across its core segments: hyperscale data center hosting, GPU-accelerated cloud solutions, and energy-efficient infrastructure developments.

Bookmark this page to track APLD developments in critical areas including AI-ready data center design, HPC hosting advancements, and sustainable digital infrastructure solutions. Stay informed through verified updates that matter for understanding the company's position in high-growth tech sectors.

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Applied Blockchain, Inc. (NASDAQ: APLD) has successfully completed its initial public offering (IPO) of 8,000,000 shares at $5.00 each, raising approximately $36.1 million after expenses. The shares began trading on Nasdaq on April 13, 2022. The funds will be utilized to expand co-hosting facilities, enter energy service agreements, and support working capital needs. Underwriters have a 30-day option to purchase an additional 1,200,000 shares at the offering price. This IPO positions Applied to enhance its blockchain infrastructure capabilities across North America.

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Applied Blockchain announced the pricing of an initial public offering (IPO) of 8,000,000 shares at $5.00 per share, with shares starting to trade on the Nasdaq under the ticker symbol APLD on April 13, 2022. The offering is set to close on April 18, 2022, pending customary conditions. The company expects to net approximately $36 million from the IPO, which could rise to $41.6 million if underwriters exercise their additional purchase option. Proceeds will be used for property leasing and development, energy agreements, and working capital.

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Applied Blockchain has announced an initial public offering (IPO) of $60 million of its common stock, as per a registration statement filed with the SEC. The offering includes a 30-day option for underwriters to purchase an additional 15% of the shares. The company will be listed on the Nasdaq Global Select Market under the ticker APLD. B. Riley Securities and Needham & Company are leading the offering, which aims to support the company's expansion in next-generation data centers for blockchain and Bitcoin mining.

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Applied Blockchain (PINK: APLD) announced a joint venture with Antpool Capital Asset Investment L.P., an affiliate of Bitmain Technologies, to develop up to 1.5 Gigawatts of datacenter hosting capacity over 24 months. This partnership leverages Applied Blockchain's expertise in site development and operations, while Antpool will provide technical and operational resources. The joint venture is majority owned by Applied Blockchain, enhancing its position in the blockchain mining infrastructure market.

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Applied Blockchain (PINK: APLD) has entered a cooperation agreement with Babcock & Wilcox (NYSE: BW) to explore opportunities for developing and operating baseload power and clean energy projects. This initiative supports the growth of cryptocurrency mining operations over the next three years. The partnership aims to leverage both companies' strengths in energy and blockchain infrastructure, potentially enhancing Applied Blockchain's position in the market.

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Applied Blockchain (PINK: APLD) announced a letter of intent to develop a 200-Megawatt data center in West Texas, expected to launch in Q2 2022. This facility will be co-located with a wind farm and marks the company's second hosting site. The agreement is still subject to the final documentation negotiations. The company aims to enhance its blockchain infrastructure services through high-performance mining and hosting solutions, supported by significant investment from family offices and institutional investors.

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Applied Blockchain, Inc. (PINK: APLD) announced the filing of a registration statement on Form S-1 with the SEC for a proposed public offering of common stock. The offering's share count and price range are yet to be determined and are dependent on market conditions. The company aims to list on The Nasdaq Global Select Market under the ticker symbol 'APLD.' B. Riley Securities is the book-running manager for the offering. A prospectus will be available upon filing effectiveness, and the offering cannot commence until then.

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Applied Blockchain announced a significant increase in long-term hosting contracts, adding 70MW, totaling 185MW, which represents a 61% increase. This expansion showcases the company's commitment to addressing the growing demand for cryptocurrency mining solutions. CEO Wes Cummins highlighted the company's strategic infrastructure development and its goal to be a leading provider in hosting services. Additionally, the company plans to launch a new 50MW hosting facility by the end of 2021, with further capacity scaling expected in early 2022.

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Applied Blockchain announced a major expansion of its services agreement with a strategic partner to include mining pool services. This partnership grants access to technology and support that previously powered the largest Ethereum mining pool, which served over 22% of the global Ethereum hashrate. The collaboration enhances Applied Blockchain's infrastructure capabilities, enabling it to offer GPU and ASIC mining pool services efficiently. The company aims to leverage proven technology to scale its offerings in the blockchain space.

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Applied Blockchain has received regulatory approval from the State of North Dakota for its Electric Service Agreement (ESA), paving the way for its entry into the crypto hosting business. The ESA provides up to 100 megawatts of power, effective from August 4, 2021. CEO Wes Cummins highlighted this approval as a significant milestone, following the recent groundbreaking of their first hosting facility. The company has established long-term hosting agreements for 115 Megawatts with partners like Bitmain and GMR, aiming to operationalize 50 megawatts by year-end, with another 50 megawatts early next year.

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FAQ

What is the current stock price of Applied Digital (APLD)?

The current stock price of Applied Digital (APLD) is $4.71 as of April 28, 2025.

What is the market cap of Applied Digital (APLD)?

The market cap of Applied Digital (APLD) is approximately 887.6M.
Applied Digital

OTC:APLD

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APLD Stock Data

887.63M
182.36M
20.08%
67.51%
25.46%
Information Technology Services
Services-computer Processing & Data Preparation
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United States
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