DALLAS, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“HPC”) applications, cloud services (“Cloud Services”), and data center hosting (“Data Center Hosting”), reported financial results for the fiscal second quarter ended November 30, 2024. The Company also provided an operational update. Fiscal Second Quarter 2025 Financial ...

Applied Digital (APLD 8.56%) stock is posting big gains in Tuesday's trading. The company's share price was up 9.4% as of 11:30 a.m. ET and had been up as much as 25.1% earlier in the day's trading.Applied Digital is soaring today following news that Macquarie Asset Management will be investing up to $5 billion in the company. The stock is also getting a boost from the latest inflation report from the Bureau of Labor Statistics.Applied Digital surges on investment deal and macroeconomic newsApplied Digital ...

The $5.0 Billion Investment Can Support Over 2 GW of HPC Data Center Development Funds managed by Macquarie Asset Management (“MAM”) to invest up to $900 million in the Company’s Ellendale High Performance Computing (“HPC”) data center campus (the “Ellendale HPC Campus”).Agreement to provide MAM a right to invest up to an additional $4.1 billion across Applied Digital’s future HPC data center pipeline.The MAM investment, in conjunction with future project financing, to be used to repay project-level debt an ...

Earnings and Financial Performance - Applied Digital Corporation (APLD) is set to report its second-quarter fiscal 2025 results on Jan 14, with a Zacks Consensus Estimate for revenues of $63 65 million, indicating a year-over-year growth of 50 83% [1] - The consensus mark for loss is pegged at 14 cents per share, unchanged over the past 30 days, compared to a loss of 10 cents per share in the year-ago quarter [1] - APLD shares have appreciated 11% in the trailing 12 months, underperforming the broader Finance sector's return of 22% and the Zacks Financial Miscellaneous Services industry's appreciation of 19 1% [4] Growth Drivers and Strategic Initiatives - APLD benefits from strong top-line growth driven by its next-generation digital infrastructure for High-Performance Computing (HPC) applications, cloud services, and data center hosting [3] - The company is accelerating the monetization of its more than 1 4 gigawatt pipeline and expects to deploy additional clusters in the second half of fiscal 2025 [8] - APLD has a rich partner base, including NVIDIA, Super Micro Computer, Hewlett Packard, and Dell Technologies, which supports its growth prospects [8][12] - The company is finalizing a lease agreement with a U S -based hyperscaler for its 100 MW facility at the Ellendale HPC campus, with plans to increase total capacity to 400 MW [11] Valuation and Market Position - APLD's forward 12-month Price/Sales (P/S) ratio is 5 4X, higher than its median of 2 55X and the industry's 2 62X, indicating a stretched valuation [10] - The company carries a Zacks Rank 3 (Hold), suggesting investors wait for a better entry point to accumulate the stock [13] Operational Highlights - APLD recently refinanced a senior secured credit facility, lowering the overall cost of capital for its Ellendale HPC data center campus, and secured $150 million in debt financing with Macquarie Equipment Capital [9] - The company successfully energized its on-site main substation transformer in Ellendale, and its data center hosting business operates at full capacity with 106 MW in Jamestown, ND, and 180 MW in Ellendale, ND [15] - APLD entered into definitive agreements for a $160 million private placement on Sept 5, 2024, improving its liquidity position [16]

Investment Strategy - The investor manages a family portfolio primarily through a Self Managed Super Fund, focusing on generating alpha potential compared to the S&P 500 [1] - The investment approach is generalist, exploring and analyzing any sector with perceived alpha potential, with holding periods ranging from a few quarters to multiple years [1] - The investor encourages readers to evaluate performance based on the success of recommendations, which serves as a proxy for genuine investing and alpha-generating skill [1] Portfolio and Positions - The investor holds a beneficial long position in VOO through stock ownership, options, or other derivatives [2] - The investor plans to build a starter position in APLD within the next 72 hours [2]

Executive Appointment - Applied Digital Corporation appoints Laura Laltrello as Chief Operating Officer (COO) to strengthen its leadership in next-generation data centers and digital cloud solutions at the forefront of the AI revolution [1] - Laura Laltrello brings nearly 20 years of executive leadership experience, expertise in data center operations, building technologies, and large-scale infrastructure projects [2] - The appointment is expected to enhance the company's strategic vision execution and operational alignment with long-term objectives [3] Laura Laltrello's Background - Most recently, Laura Laltrello served as Vice President and General Manager of Building Automation Services at Honeywell International Inc [3] - She has a proven track record in operations, strategic execution, and profit management, having led transformative projects for global technology leaders [3] - Laura Laltrello holds a Bachelor of Applied Science degree in Applied Mathematics: Operations Research and Economics from Clemson University and completed the Executive Leadership Program at the International Institute for Management Development [3] Employment Inducement Award - Laura Laltrello was granted 600,000 time-based restricted stock units (RSUs) as part of her employment inducement award, with an effective grant date of January 6, 2025 [4] - The RSUs will vest over a three-year period, subject to continuous employment on each applicable vesting date [4] - The award was approved by the company's Board of Directors on December 27, 2024, and granted outside of the company's equity incentive plan in accordance with Nasdaq Rule 5635(c)(4) [5] Company Overview - Applied Digital Corporation develops, builds, and operates next-generation data centers and cloud infrastructure, specializing in accelerated compute, secure and scalable digital hosting, and GPU-as-a-Service solutions [6] - The company's purpose-built facilities are designed to support AI/ML, blockchain, and high-performance computing (HPC) workloads, backed by deep hyperscale expertise and a robust pipeline of available power [6]

Applied Digital Corporation (APLD) shares have appreciated 47.9% in the past six months, outperforming the broader Finance sector’s return of 15.6% and the Zacks Financial Miscellaneous Services industry’s appreciation of 3.9%. This builder and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, cloud services, and data center hosting has been benefiting from strong top-line growth.In first-quarter fiscal 2025, revenues jumped 67% year over year to ...

DALLAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, will host a conference call on Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time to discuss its operations and financial results for the fiscal second quarter ended November 30, 2024. A press release detailing these results will be issued after the m ...

ELLENDALE, N.D., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced a major milestone in the development of its purpose-built HPC data center in Ellendale, N.D., with the successful energization of its on-site main substation transformer. This milestone signals the facility's progression into the ...

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