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 ...

Key PointsApplied Digital builds and operates next-gen high-performance computing (HPC) data centers tailored for AI projects.Applied Digital announced a fiscal Q2 2024 top and bottom line miss and lowered guidance for the rest of 2024.Supply shortages of networking components put Applied Digital eight weeks behind schedule but are expected to normalize by the end of 2024, bringing annual run rates (ARR) for revenues back to $500 million, representing 360% YoY growth.5 stocks we like better than Applied Dig ...

Generative AI training infrastructure remains white hot as an investment. Numerous start-ups have appeared to address the need. Given the end-to-end solution Nvidia created that spans chip design, algorithms, and software, this AI infrastructure consisting of data centers filled with accelerated computing systems (primary using Nvidia technology) is arguably easier to build than "traditional" cloud computing infrastructure. That has been rocket fuel for these specialized data center builder-operators in the ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Applied Digital Corporation (APLD) is a designer, builder and operator of next-generation datacenters which provide power to blockchain infrastructure and support High-Performance Computing applications. The Zacks Consensus Estimate for its current year earnings has been revised almost 16.7% downward over the last 60 days.Matthews International (MATW) is a provider of memorialization products, industrial technologies, and brand soluti ...