Company Performance - Applied Digital Corporation (APLD) closed at $4.28, with a daily increase of +0.94%, outperforming the S&P 500 which gained 0.57% [1] - Over the past month, APLD shares have decreased by 12.4%, while the Finance sector and S&P 500 gained 2.81% and 2.97% respectively [1] - The upcoming earnings report is projected to show earnings of -$0.08 per share, indicating no growth from the previous year, with revenue expected to be $60.99 million, a 332.82% increase year-over-year [1] Full Year Estimates - For the full year, the Zacks Consensus Estimates project earnings of -$0.35 per share and revenue of $232.71 million, reflecting changes of +28.57% and +320.11% from the previous year [2] - Recent changes to analyst estimates indicate a positive outlook for the company's business operations and profit generation [2] Analyst Ratings - The Zacks Rank system currently rates Applied Digital Corporation as 5 (Strong Sell), with the consensus EPS estimate having decreased by 7.75% in the past month [3] - The Financial - Miscellaneous Services industry, which includes APLD, has a Zacks Industry Rank of 141, placing it in the bottom 45% of over 250 industries [3]

Core Insights - Applied Digital Corporation has entered into a definitive agreement to sell its 200 MW campus in Garden City, TX to Marathon Digital Holdings for a net purchase price of approximately $87.3 million, with a gross purchase price of $97.3 million after adjustments [1][2] - The transaction will release $12 million of restricted cash previously committed as collateral for the site's letter of credit, and is expected to close in the second quarter of calendar 2024 [1][2] - This divestiture reflects the company's strategy to focus on strategic high-performance computing (HPC) sites in North Dakota, redirecting resources and strengthening its balance sheet [1][2] Company Strategy - The sale allows Applied Digital to allocate financial and operational resources toward its strategic sites in North Dakota, reinforcing its commitment to building HPC data centers [2] - The company emphasizes its focus on infrastructure and support services, without owning any equipment at the Garden City facility, which has been primarily used for blockchain mining clients [2] Customer Relationship - Marathon Digital has been a significant customer at the Garden City campus, operating under a multi-year colocation hosting agreement, and will continue to be a customer at Applied Digital's North Dakota blockchain hosting facilities [2][3] - Both companies express confidence that this transaction will enable them to advance their long-term strategies effectively [3]

• Together AI will utilize Applied Digital's dynamic computing ecosystem, featuring H100 GPUs and NVLink technology. • Applied Digital's robust infrastructure aligns with Together AI's commitment to innovation, seeking to meet the surging demands of AI and HPC markets. DALLAS, March 14, 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 ("H ...

DALLAS, March 08, 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, announced today it has extended the original 45-day negotiation period announced in January on the conditional agreement with an anchor tenant to provide datacenter capacity at its Ellendale, North Dakota campus until March 30, 2024. The conditional a ...

DALLAS, March 05, 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 the Company has closed a previously secured loan agreement with The Bank of North Dakota and Cornerstone Bank for $16 million in site-level financing for its 10MW Jamestown HPC data center campus. The Company intends to use the loan, w ...

In the latest market close, Applied Digital Corporation (APLD) reached $4.33, with a -1.37% movement compared to the previous day. This change lagged the S&P 500's 2.11% gain on the day. Meanwhile, the Dow experienced a rise of 1.18%, and the technology-dominated Nasdaq saw an increase of 2.96%.Coming into today, shares of the company had lost 8.16% in the past month. In that same time, the Finance sector gained 3.61%, while the S&P 500 gained 3.08%.The investment community will be paying close attention to ...

Everyone seems to have gone wild over Chris Dixon’s book Read Write Own: Building the Next Era of the Internet. Some of the biggest hitters in business have given it their thumbs up. It’s an essential read if you’re interested in owning the best blockchain stocks. “Chris Dixon has always been someone who sees the future with clarity and practicality.  He does this once again in Read Write Own, making the case for blockchain technology as the fundamental building block of the future and clearly laying out wh ...

DALLAS, Feb. 12, 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, announces its an AI Alliance member. The AI Alliance is comprised of some of the leading organizations across the AI industry, including startups, academia, researchers, and the government, coming together to support open innovation and open science in ...

BOSTON, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Applied Digital Corp. (NASDAQ:APLD) for potential securities law violations. Investors who have lost money in their Applied Digital Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/apld. What is this all about? After the market close on February 9, 2024, Applied Digital Corp. disclosed that it experienced a power outage at its ...

DALLAS, Feb. 06, 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, announced that effective January 30, 2024, the Company obtained an unsecured loan with a maximum principal amount of $20 million. The Company intends to use the loan, which has a two-year term and 12.5% interest rate, to provide additional liquidity to ...