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.
Rhea-AI Summary
Applied Digital achieves 'Elite Partner' status in NVIDIA Partner Network, reinforcing commitment to transforming data center industry
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.07%
Tags
-
News
Rhea-AI Summary
Cohen Milstein Sellers & Toll PLLC is investigating whether Applied Digital Corporation made false statements. A class action lawsuit has been filed against the company. Applied Digital is accused of overstating profitability and failing to maintain proper corporate governance standards. The stock price has fallen following reports questioning the company's business model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
Tags
-
Rhea-AI Summary
Applied Digital Corporation (APLD) forms strategic partnership with ZEDEDA to offer new integrated on-demand Transmutable AI cloud service
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.05%
Tags
Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) reported a 56% sequential revenue growth for the fiscal fourth quarter of 2023, reaching $22 million. The company also achieved an adjusted EBITDA of $2.9 million and an adjusted loss from continuing operations of less than $0.01 per share. They launched an AI Cloud Service and energized a 9MW Jamestown HPC Facility. Applied Digital aims to focus on non-crypto use cases and leverage their next-generation data center assets for HPC applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.73%
Tags
-
Rhea-AI Summary
Applied Digital Corporation successfully onboarded its first major AI Cloud Services customer, Character.AI, and received the first prepayment of its 24-month, $180 million contract. The services are expected to be fully in place by year-end.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.66%
Tags
-
Rhea-AI Summary
Applied Digital Corporation promotes Michael Maniscalco to Chief Technology Officer (CTO) to lead advancements in AI infrastructure and services. The company recently partnered with Hewlett Packard Enterprise and signed contracts worth up to $180 million and $460 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
Tags
Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) will host a conference call on July 24, 2023, to discuss its operations and financial results for the fiscal fourth quarter and full year ended May 31, 2023. The company will also provide guidance for full year fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.16%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.11%
Tags
-
Rhea-AI Summary
Applied Digital Corporation secures its second AI customer with an agreement worth up to $460 million over 36 months, marking a significant milestone in the company's HPC/AI Infrastructure growth trajectory. The company's AI Cloud Service continues to see extraordinary demand as the AI industry grows at unprecedented levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.34%
Tags
Rhea-AI Summary
Applied Digital Corporation has hosted a ribbon-cutting ceremony for its new 180MW data center facility in Ellendale, North Dakota. The facility brings Applied Digital's total hosting power to 280MW. The company also announced the launch of its Cloud Services and the signing of its first AI customer with an agreement worth up to $180 million over 24 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.34%
Tags
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