Applied Digital Corp.
NASDAQCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Wes Cummins
- Full Time Employees
- 256
- Sector
- Technology
- Industry
- Information Technology Services
- Address
- 3811 Turtle Creek Boulevard Dallas TX United States of America 75219
- IPO Date
- Apr 13, 2022
- CIK
- 0001144879
- Website
- applieddigital.com
- Similar Companies
- Business
- Applied Digital Corporation (Nasdaq: APLD) designs, builds, and operates next-generation digital infrastructure solutions, including purpose-built data centers and cloud services, for high-performance computing (HPC) and artificial intelligence (AI) industries primarily in North America. The company operates through three segments: Data Center Hosting, providing colocation and infrastructure services to cryptocurrency mining customers; Cloud Services, offering GPU-as-a-Service solutions such as Applied Digital Cloud for AI, machine learning, rendering, and other demanding workloads; and HPC Hosting, delivering GPU computing for critical AI and HPC tasks; it also designs, constructs, and manages data centers optimized for accelerated computing with proprietary waterless cooling, redundant systems, and scalable resources. Founded in 2021 and headquartered in Dallas, Texas, Applied Digital targets hyperscale AI clients, blockchain operators, and enterprises requiring secure, energy-efficient compute capacity, with facilities strategically located for low-cost power including its Polaris Forge AI Factory campus in Ellendale, North Dakota. In October 2025, the company executed the first funding milestone under a $5.0 billion perpetual preferred equity partnership with Macquarie Asset Management to support development of its 400MW Polaris Forge 1 campus, leased to CoreWeave, substantially reducing equity needs for future projects; it maintains a lease with CoreWeave for an additional 150MW at the site and previously secured $160 million in strategic financing in 2024 to fuel AI infrastructure expansion. Formerly known as Applied Blockchain, Inc., the company rebranded in November 2022 to reflect its strategic shift from crypto mining toward broader HPC and AI applications.
Company News
15 Stocks to Watch With Short Squeeze Potential
APLD's Hyperscaler Concentration Grows: Are Revenues at Risk?
Applied Digital Drops 4% as Rising Yields Hit AI Infrastructure, Cipher Mining Sinks 6%, Core Scientific Slides 3%
Applied Digital: A Meltdown Worth A Buy - Crypto Miner Turned HPC Provider
Applied Digital Sinks 7%, IREN Tumbles 13% as Data Center Selloff Broadens Past One Name
Prediction: Applied Digital Stock Will Jump 156% in 3 Years. Here's the Math.
IREN Falls 6% as a $639M Mining Rig Writedown Overshadows AI Cloud Growth, TeraWulf Eases
TeraWulf Jumps 6% as NVIDIA's Guidance Reignites the Compute Trade, Applied Digital Gains 5%
IREN Slides 6% as Traders De-Risk Before Q4 Earnings, Core Scientific Declines 4%
Why Is Applied Digital Corporation (APLD) Up 8.4% Since Last Earnings Report?
CRWV vs. APLD: Which AI Data Center Stock Has More Upside Potential?
This $30 Stock Could Be Primed for a Breakout
Wall Street Just Invented the ‘Neocloud' ETF. It Owns the Companies Renting AI Compute to Everyone Else
Applied Digital and IREN Climb 6% as the Digital Infrastructure Bid Broadens Past Bitcoin, Core Scientific Gains 4%
Crypto Mining Stocks Rally as Bitcoin Hovers Around $80K: MARA Jumps 7%, TeraWulf and IREN Climb 5%
Can APLD's Power Advantage Strengthen Its AI Edge Over WULF & CRWV?
Applied Digital vs. TeraWulf: Which AI Data Center Stock Is the Better Buy?
Is Applied Digital an Excellent AI Stock to Buy Right Now?
Applied Digital Has $36 Billion Today. $86 Billion Could Be Next.
PENG vs. APLD: Which AI Infrastructure Stock Has Better Potential?