The market expects Applied Digital Corporation (APLD) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended May 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, i ...

Oselote Trading at around $7, Applied Digital Corporation (NASDAQ:APLD) has surged by more than 200% since November 2022 as charted below, even outperforming Nvidia (NVDA) last year and nearly catching up at the beginning of this year before dipping. This price action could suggest some investors view the HPC (high-performance computing) data center play as an alternative way to ride the AI story. Data by YCharts Indeed, with Applied Digital Corporation's greenfield approach compared to other data cente ...

Applied Digital TodayAPLDApplied Digital$6.06 +0.11 (+1.85%) 52-Week Range$2.36▼$11.07Price Target$8.40Add to WatchlistApplied Digital Co. NASDAQ: APLD designs, develops and operates next-generation data centers accommodating artificial intelligence (AI) service providers in the high-performance computing (HPC) industry. The AI boom has been driving the demand for more data centers, which is driving demand for next-gen data centers that fall right in Applied Digital's wheelhouse. The company also provides b ...

Core Viewpoint - Applied Digital Corporation has secured a $125 million initial commitment for the construction of its HPC Campus in Ellendale, ND, with the potential to increase this amount to $200 million, positioning the company as a leader in the HPC datacenter sector [1][2]. Financing Details - The financing includes a Promissory Note for $125 million, with $15 million available immediately and the remainder contingent on certain conditions [1]. - An accordion feature allows for an additional $75 million in borrowings, subject to mutual agreement [1]. - The Note has a three-year term with an initial interest rate of 12.0% per annum, payable quarterly [2]. Strategic Positioning - The financing is viewed as a transformative step for the company, enabling it to secure project financing and a long-term lease with a hyperscaler [2]. - The Ellendale Campus is expected to be a leading HPC datacenter, designed to support the AI revolution and provide efficient solutions for high-performance computing needs [2][3]. Company Overview - Applied Digital designs, develops, and operates next-generation data centers across North America, focusing on the high-performance computing (HPC) industry [5]. - The company aims to deliver cost-effective GPU computing solutions tailored for AI, machine learning, and other HPC workloads [3]. Partner Information - CIM Group, a leading investment firm, is providing the financing and has expressed excitement about supporting Applied Digital's growth in cloud and hosting services [2][8].

Core Viewpoint - Applied Digital Corporation has secured a $125 million initial commitment for the construction of its HPC Campus in Ellendale, ND, with the potential to increase this amount to $200 million, positioning the company as a leader in the HPC datacenter sector [1][2]. Financing Details - The financing includes a Promissory Note for $125 million, with $15 million available immediately and the remainder contingent on certain conditions [1]. - An accordion feature allows for an additional $75 million in borrowings, subject to mutual agreement [1]. - The Note has a three-year term with an initial interest rate of 12.0% per annum, payable quarterly [2]. Strategic Positioning - The financing is viewed as a transformative step for the company, enabling it to secure project financing and a long-term lease with a hyperscaler [2]. - The Ellendale Campus is expected to be a leading HPC datacenter, designed to support the AI revolution and provide efficient solutions for high-performance computing needs [2][3]. Company Overview - Applied Digital designs, develops, and operates next-generation data centers across North America, focusing on the high-performance computing (HPC) industry [5]. - The company aims to deliver cost-effective GPU computing solutions tailored for AI, machine learning, and other HPC workloads [3]. Partner Information - CIM Group, a leading investment firm, is providing the financing and has expressed excitement about supporting Applied Digital's growth in cloud and hosting services [2][8].

Core Insights - Applied Digital Corporation has entered into a private financing agreement, issuing a $42,131,579 unsecured convertible debenture with a five percent original issue discount and a term of 54 weeks [1] - The proceeds from this financing will be used to advance the construction of the HPC data center in Ellendale, North Dakota, highlighting the company's commitment to project advancement [2] Financing Details - The convertible debenture has a conversion price set at the lower of $8.00 or 95% of the lowest daily volume weighted average price of the company's common stock over the five trading days prior to conversion [1] - The investor is limited to converting no more than $16.0 million per month, which is approximately five percent of the previous thirty days' trading value [1] - The company may prepay the note if its common stock trades below $8.00 or after the thirtieth trading day following the effectiveness of the registration statement for the resale of the underlying shares [1] Legal and Regulatory Aspects - The securities issued have not been registered under the Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an exemption [3] - The company has agreed to file a resale registration statement with the SEC for the shares of common stock issuable in connection with the offering [3] Company Overview - Applied Digital designs, develops, and operates next-generation data centers across North America, focusing on providing digital infrastructure solutions for the high-performance computing (HPC) industry [4]

Core Viewpoint - Applied Digital Corporation has entered into a private financing agreement, issuing a $42,131,579 unsecured convertible debenture to a single investor, aimed at advancing its HPC data center project in North Dakota [1][2]. Financing Details - The convertible debenture has no interest, an original issue discount of 5%, and a term of 54 weeks [1]. - The conversion price is set at the lower of $8.00 or 95% of the lowest daily volume weighted average price of the company's common stock during the five trading days prior to conversion [1]. - The investor is limited to converting no more than $16.0 million per month, which is approximately 5% of the previous thirty days' trading value [1]. Project Utilization - The net proceeds from the financing will be used to support the construction phase of the HPC data center in Ellendale, North Dakota, emphasizing the company's commitment to project advancement and timely fulfillment of obligations [2]. Legal and Regulatory Aspects - The securities issued have not been registered under the Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an exemption [3]. - The company has agreed to file a resale registration statement with the SEC for the shares of common stock issuable in connection with the offering [3]. Company Overview - Applied Digital designs, develops, and operates next-generation data centers across North America, focusing on providing digital infrastructure solutions for the high-performance computing industry [4].

Core Viewpoint - Applied Digital Corporation is actively participating in multiple upcoming investor conferences, showcasing its commitment to engaging with investors and promoting its high-performance computing infrastructure solutions [1][2][3] Group 1: Upcoming Conferences - The 19th Annual Needham Technology & Media Conference will take place from May 14 to May 16, 2024, in New York, where Applied Digital is scheduled to present on May 14 at 3:00 pm ET [1] - The 24th Annual B. Riley Institutional Investor Conference is set for May 22 to May 23, 2024, in Beverly Hills, with one-on-one meetings available for investors [2] - The 21st Annual Craig-Hallum Institutional Investor Conference will occur on May 29, 2024, in Minneapolis, also featuring one-on-one meetings with investors [2] Group 2: Company Overview - Applied Digital designs, develops, and operates next-generation data centers across North America, focusing on providing digital infrastructure solutions for the high-performance computing (HPC) industry [3] - The company emphasizes its role in the rapidly growing HPC sector, indicating a strategic focus on this market [3]

Core Viewpoint - Applied Digital Corporation is actively participating in multiple upcoming investor conferences, showcasing its commitment to engaging with investors and promoting its high-performance computing infrastructure solutions [1][2][3] Group 1: Upcoming Conferences - The 19th Annual Needham Technology & Media Conference will take place from May 14 to May 16, 2024, in New York, where Applied Digital is scheduled to present on May 14 at 3:00 pm ET [1] - The 24th Annual B. Riley Institutional Investor Conference is set for May 22 to May 23, 2024, in Beverly Hills, with one-on-one meetings available for investors [2] - The 21st Annual Craig-Hallum Institutional Investor Conference will occur on May 29, 2024, in Minneapolis, also featuring one-on-one meetings with investors [2] Group 2: Company Overview - Applied Digital designs, develops, and operates next-generation data centers across North America, focusing on providing digital infrastructure solutions for the high-performance computing (HPC) industry [3] - The company emphasizes its role in the rapidly growing HPC sector, indicating a strategic focus on this market [3]

Core Insights - Applied Digital Corporation has appointed Todd Gale as Chief Development Officer, effective May 3, 2024, to enhance its High-Performance Computing (HPC) datacenter initiatives [1][3] Group 1: Leadership Appointment - Todd Gale brings over 45 years of experience in datacenter design and engineering, having previously held senior roles at Flexential and Terremark Worldwide [2][3] - His expertise includes designing liquid cooling systems and optimizing power systems, which are crucial for the advancement of Applied Digital's datacenter in Ellendale, North Dakota [1][2] Group 2: Company Vision and Strategy - The company aims to drive growth and innovation in its HPC datacenter campus, leveraging Gale's extensive background in datacenter innovation [3] - Gale expressed enthusiasm for joining Applied Digital, highlighting the company's commitment to technological excellence and innovation in datacenter development [3] Group 3: Company Overview - Applied Digital designs, develops, and operates next-generation datacenters across North America, focusing on providing digital infrastructure solutions for the growing HPC industry [4]