Welcome to our dedicated page for Applied Digital Corporation news (Ticker: APLD), a resource for investors and traders seeking the latest updates and insights on Applied Digital Corporation stock.
Applied Digital Corp designs, develops and operates next-generation datacenters across North America to provide digital infrastructure solutions to the rapidly growing high-performance computing industry. The company recently entered into a private financing agreement with a single investor where it issued a $42,131,579 unsecured convertible debenture. The debenture bears no interest and has a term of 54 weeks.
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Applied Digital Corporation (Nasdaq: APLD) announced the election of Kate Reed as an independent director on its Board of Directors. Reed brings over a decade of experience in AI, Cloud Computing, and Technology Leadership from her tenure at IBM Corporation and Red Hat. Her expertise in Artificial Intelligence and Cloud Computing will be instrumental in driving Applied Digital's long-term expansion in the sector.
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Applied Digital Corporation (APLD) Partners with WEKA to Enhance AI Cloud Service with Accelerated Software Architecture for GPU Utilization and Efficiency
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Applied Digital Corporation (Nasdaq: APLD) Announces Participation in Financial Conferences
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Applied Digital Corporation (Nasdaq: APLD) has announced the groundbreaking of its first 100 MW high-performance compute facility in Ellendale, North Dakota. The purpose-built facility is designed for AI workloads and will provide ultralow cost and highly efficient liquid-cooled infrastructure for HPC applications. The facility will accommodate nearly 50,000 Nvidia's H100 SXM class GPUs in a single parallel compute cluster.
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Applied Digital announces the energization of its 200MW facility in Garden City, Texas, marking its third successful next-generation datacenter development in North America for blockchain hosting operations.
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Applied Digital Corporation announces details for upcoming investor day
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Applied Digital reports strong first quarter results with 65% sequential revenue growth and reaffirms fiscal 2024 guidance
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Applied Digital Corporation (Nasdaq: APLD) will host a conference call on October 9, 2023, to discuss its operations and financial results from the fiscal first quarter. A press release detailing these results will be issued before the market open on the same day.
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Applied Digital Corporation to host Investor Day on October 12, 2023
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Applied Digital Corporation (Nasdaq: APLD) announces participation in conferences and site tour
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FAQ
What is the current stock price of Applied Digital Corporation (APLD)?
The current stock price of Applied Digital Corporation (APLD) is $8.01 as of December 20, 2024.
What is the market cap of Applied Digital Corporation (APLD)?
The market cap of Applied Digital Corporation (APLD) is approximately 1.7B.
What does Applied Digital Corp do?
Applied Digital Corp designs, develops, and operates next-generation data centers.
What recent financing agreement did Applied Digital Corp enter into?
The company recently entered into a private financing agreement where it issued a $42,131,579 unsecured convertible debenture.
What is the focus of Applied Digital Corp's digital infrastructure solutions?
The company focuses on providing digital infrastructure solutions to the rapidly growing high-performance computing industry.
What is the term of the recently issued convertible debenture by Applied Digital Corp?
The convertible debenture has a term of 54 weeks.
Who are the Investor Relations Contacts for Applied Digital Corp?
Matt Glover or Alex Kovtun from Gateway Group, Inc. can be contacted at (949) 574-3860 or APLD@gateway-grp.com.
Who are the Media Contacts for Applied Digital Corp?
Brenlyn Motlagh or Diana Jarrah from Gateway Group, Inc. can be contacted at (949) 899-3135 or APLD@gateway-grp.com.
What is the conversion price for the note issued by Applied Digital Corp?
The conversion price for the note is the lower of $8.00 and 95% of the lowest daily volume weighted average price of the company’s common stock.
What limitation does the Investor have for converting the note issued by Applied Digital Corp?
Below $8.00, the Investor is limited to converting no more than $16.0 million per month in the aggregate across all convertible debentures held.
Can the company prepay the note issued by Applied Digital Corp?
The company may prepay the note at any time that the company’s common stock trades below $8.00 or the thirtieth trading day after the registration statement registering the resale of the note’s underlying shares becomes effective.
Who is CIM Group and what is their relation to Applied Digital Corp?
CIM Group is a leading investment firm and alternative asset manager with a focus on creating value in real estate and infrastructure projects. They are not directly related to Applied Digital Corp but provide valuable investment insights.
Applied Digital Corporation
Nasdaq:APLD
APLD Rankings
APLD Stock Data
1.70B
167.34M
20.76%
65.46%
18.24%
Information Technology Services
Services-computer Processing & Data Preparation
United States of America
DALLAS