格隆汇10月10日｜AI数据中心公司Applied Digital(APLD.US)股价飙升26%，股价创2004年1月以来最高 纪录。 ...

Core Insights - Bitfarms Ltd. has converted a previously announced private debt facility of up to $300 million into a project-specific financing facility for the development of its Panther Creek data center campus in Pennsylvania [2][3] - The company plans to draw an additional $50 million from this facility, bringing the total drawn amount to $100 million, to expedite equipment purchases and advance HPC/AI development [2][3] Financing and Development - The financing facility will support the civil works and substation construction at Panther Creek, which is scheduled to begin in Q4 2025 [3] - The conversion of the debt facility to a project level allows Bitfarms to draw down the full amount, accelerating construction timelines and providing increased flexibility [3] - The Panther Creek campus is expected to have a capacity of 350 MW and is positioned to meet the growing demand for HPC/AI infrastructure in Pennsylvania [3] Market Position and Infrastructure - Pennsylvania is emerging as a new hub for AI infrastructure, with Bitfarms well-positioned to deliver advanced digital infrastructure for potential clients [3] - Bitfarms operates a 1.3 GW energy pipeline, with over 80% of its projects based in the U.S., focusing on areas with strong access to power and fiber infrastructure [4]

U.S. equity markets are showing a cautious but upward trend in premarket trading this Friday, October 10, 2025, as investors navigate a prolonged government shutdown and anticipate crucial economic data. Futures for major indices are inching higher, suggesting a potential rebound after a mixed performance on Thursday. The market's attention remains sharply focused on upcoming economic releases and a flurry of corporate news that continues to shape investor sentiment.Premarket Activity and Futures MovementsA ...

构建符合等保三级标准的机房环境需要关注多个关键要素：物理安全（门禁和视频监控）、电力系统（双路市电和UPS）、环境监控（烟感、温湿度、泄漏 监控）以及灾备联动（定期演练）。实现合规不仅依赖硬件设备，还需结合动态监控、日志管理及响应机制，以符合新兴的"主动监控"理念。企业应加强合 规、技术、运维和采购之间的协作，制定详细的流程清单，逐步测试，以确保全面符合等保三级要求，同时减少合规风险带来的隐性成本。最后，重视流程 和管理与硬件的协同，将是实现合规的长远之计。 一、真实的"等保三级"压力，客户不同场景的顾虑 我最早接触等保三级机房项目，是在金融行业。坦白说，绝大多数企业并不像安全专家那样一口气围绕标准说话，他们更关心：机房怎么改才不影响业 务？"三级"到底多严？这个关键词带来的是焦虑感，尤其像银行、保险、大型制造、医疗互联网这些平台型公司，技术团队和合规团队交流时常见"对不上 号"。我记得有个长三角的头部互联网医疗，2024年初他们想上云但又担心等级保护不合规，最纠结的就是"到底啥叫物理隔离"，很多人以为只要机房上了 门禁、监控就过关，其实远没那么简单。 二、标准和落地之间的缝隙：大家习惯怎么搞的？ 大家都说得 ...

The bull market is going to be celebrating its third anniversary this weekend and joining us right now to talk about it is Carol Schlife. She is chief market strategist at Beimo Private Wealth. Carol, um you think that these all-time highs that we're watching, not only in the equities market, but also gold is less anacronistic than it seems.What does that mean. I mean, it it would typically gold is hitting highs when people are really worried about things, if you will. And so so that piece makes some sense. ...

智通财经APP获悉，AI数据中心公司Applied Digital(APLD.US)公布的第一财季营收超出华尔街预期，尽 管仍录得净亏损，但展现出强劲增长势头。此成绩背后，是其数据中心服务需求的激增——越来越多客 户正扩大算力规模，以支持快速发展的生成式AI应用。受此提振，该公司股价盘后大涨逾12%。 周四公布的财报显示，在截至8月31日的季度里，该公司营收同比增长84%，达到6420万美元，高于分 析师此前预期的5000万美元。 据了解，Applied Digital已从最初的加密货币挖矿业务成功转型，成为AI基础设施领域的关键参与者。 该公司目前设计并运营专业数据中心，为AI和区块链应用提供高性能计算基础设施。 目前，各企业正竞相部署下一代AI模型，这推动了对能够支持高强度计算工作负载的高性能数据中心 基础设施需求。 今年8月，Applied Digital与CoreWeave(CRWV.US)敲定一项新租赁协议，为其北达科他州数据中心园区 Polaris Forge 1新增150 MW供电容量。加之今年早些时候与CoreWeave达成的两份初始租约，预计公司 总合同租赁收入将达约110亿美元，其中先前公 ...

Financial Data and Key Metrics Changes - Revenues for the first fiscal quarter of 2026 were $64.2 million, up 84% from $34.8 million in the fiscal first quarter of 2025, primarily due to $26.3 million from tenant fit-out services [18][19] - Adjusted net loss was $7.6 million or $0.03 per share, while adjusted EBITDA was $0.5 million compared to $6.3 million the prior year [20][21] - The company ended the first fiscal quarter with $114.1 million in cash and $687.3 million in debt, excluding $362.5 million in proceeds from financing that occurred after the quarter end [21] Business Line Data and Key Metrics Changes - The HPC data center hosting segment expanded its long-term lease agreements with CoreWeave, increasing total contract value to approximately $11 billion [5][6] - The blockchain hosting business continues to operate 286 MW of fully contracted capacity across two North Dakota locations, with strong Bitcoin prices positively impacting customers [14] Market Data and Key Metrics Changes - Publicly traded hyperscalers are projected to invest over $350 billion in AI data centers this year, highlighting unprecedented investment in AI infrastructure [8] - The Department of Energy estimates a power shortfall for data centers in the range of 40 GW-50 GW, with some experts suggesting it could exceed 90 GW [23] Company Strategy and Development Direction - The company is focused on delivering purpose-built infrastructure for AI and high-performance computing sectors, with plans to scale beyond 1 GW starting in 2028 to 2030 [6][12] - The company aims to reach a goal of $1 billion in net operating income (NOI) run rate within five years, supported by long-term contracts with hyperscale tenants [22] Management's Comments on Operating Environment and Future Outlook - Management believes that the limiting factor in AI infrastructure deployment is the lack of suitable data centers, positioning the company to meet this challenge [9] - The company is actively evaluating new sites across additional states and regions to meet accelerating demand [23] Other Important Information - The company has secured an initial $112.5 million draw from a $5 billion preferred equity facility with Macquarie Asset Management to advance construction of Polaris Forge 1 [15][16] - The company has built and funded more than $1.6 billion in property and equipment, transitioning from a small Bitcoin hosting center to executing transactions with leading hyperscalers [16] Q&A Session Summary Question: What are the largest remaining factors for project financing? - Management indicated that project financing will entail both buildings coming online over the next year, with a focus on finalizing credit agreement documents [30] Question: What is the current status of power infrastructure at Polaris Forge 2? - Management confirmed that 280 MW of initial utility power is in place, with infrastructure being built to meet the timeline for coming online in 2026 and fully online in 2027 [32] Question: What is the timeline for new hyperscaler negotiations? - Management stated that negotiations are ongoing, with expectations for contracts to be in place in the near term as they continue to engage with new and existing customers [37] Question: What does the Macquarie Asset Management financing do for future growth? - The financing allows the company to scale larger, minimizing dilution at the public company level while unlocking significant capital for future projects [46] Question: How does the company define its active pipeline? - The active pipeline includes projects that are expected to move into construction within the next six to twelve months, with ongoing work on permitting and power [52] Question: What are the supply chain challenges faced by the company? - Management noted that while lead times have stretched in the industry, they secured necessary equipment two years ago, mitigating pricing inflation and supply chain issues [70]

Financial Data and Key Metrics Changes - Revenues for the first fiscal quarter of 2026 were $64.2 million, up 84% from $34.8 million in the fiscal first quarter of 2025, primarily due to $26.3 million from tenant fit-out services [18][19] - Adjusted net loss was $7.6 million or $0.03 per share, while adjusted EBITDA was $0.5 million compared to $6.3 million the prior year [20][21] - The company ended the first fiscal quarter with $114.1 million in cash and $687.3 million in debt, excluding $362.5 million in proceeds from financing that occurred after the quarter end [21] Business Line Data and Key Metrics Changes - The HPC data center hosting segment expanded its long-term lease agreements with CoreWeave, increasing total contract value to approximately $11 billion [5][6] - The blockchain hosting business continues to operate 286 megawatts of fully contracted capacity across two North Dakota locations, with strong Bitcoin prices positively impacting customers [14] - The cloud services business is under strategic review and classified as held for sale, with no further updates until a definitive plan is available [14] Market Data and Key Metrics Changes - Publicly traded hyperscalers are projected to invest over $350 billion in AI data centers this year, highlighting unprecedented investment levels in AI infrastructure [8] - The Department of Energy estimates a power shortfall for data centers in the range of 40 to 50 gigawatts, with some experts suggesting it could exceed 90 gigawatts [22] Company Strategy and Development Direction - The company aims to strengthen its market position by establishing long-term contracts with hyperscale tenants, targeting a net operating income run rate of $1 billion within five years [22] - The company is focused on scaling development and construction, with 4 gigawatts in the active development pipeline and plans to shorten construction timelines to 12 to 14 months [13][22] - The company is committed to minimizing environmental impact through innovative design and infrastructure upgrades [25] Management's Comments on Operating Environment and Future Outlook - Management believes that the limiting factor in AI infrastructure deployment is the lack of suitable data centers, positioning the company to meet this challenge [9] - The company expects to see significant increases in net operating income anchored by long-term contracts with hyperscale tenants [22] - Management anticipates potential delays in construction timelines for some competitors, which may benefit proven vendors and developers [83] Other Important Information - The company has secured an initial $112.5 million draw from a $5 billion preferred equity facility with Macquarie Asset Management to advance construction of Polaris Forge 1 [15][16] - The company is in advanced discussions with an investment-grade hyperscaler regarding a lease for Polaris Forge 2 [7][11] Q&A Session Summary Question: What are the largest remaining factors for project financing? - Management indicated that project financing will involve both buildings and is one of the largest tenant-backed financings occurring in the market [30] Question: What is the current status of power infrastructure at Polaris Forge 2? - The initial utility power for Polaris Forge 2 is 280 megawatts, with infrastructure being built to meet the timeline for coming online in 2026 [32] Question: What is the timeline for new hyperscaler negotiations? - Management stated that negotiations are ongoing and will be a constant process, with expectations for contracts in the near term [37] Question: What are the expected terms for project financing? - Management expects the loan-to-cost ratio to be around 70% with pricing between 400 to 450 basis points over SOFR [47] Question: What is the status of supply chain for long lead equipment? - Management noted that lead times have stretched in the industry, but they secured manufacturing capacity two years ago to mitigate potential issues [72] Question: Is there expected power availability in South Dakota? - Power will be available in South Dakota in 2026, with the main gating item being a sales tax exemption for IT equipment [77]

Core Insights - Rapid advancements in artificial intelligence (AI) and increasing demand for related technology are creating significant infrastructure needs, leading to new investment opportunities [1] Investment Opportunities - The ALPS Electrification Infrastructure ETF (ELFY) offers a way for investors to engage with the AI/infrastructure sector, focusing on companies with market values of at least $5 billion to mitigate risks associated with this emerging investment concept [2] - ELFY expands the infrastructure investment landscape, which has traditionally been accessible only to affluent investors, coinciding with rising interest driven by innovative technologies like AI and clean energy [3] Infrastructure Relevance - Infrastructure is essential for daily life, encompassing utilities for heating, data transmission towers, and data centers that support AI proliferation [4] - ELFY allocates two-thirds of its investments to utilities and industrial stocks, which are foundational to traditional infrastructure funds, yet it also emphasizes companies with exposure to new technologies [5][6] AI and Infrastructure Synergy - AI is viewed as an "accelerator" for infrastructure investment, suggesting that investors optimistic about AI should also consider infrastructure investments [8] - Infrastructure companies linked to AI are expected to remain resilient even if AI-related earnings or spending decline, indicating a stable investment outlook [8][9]

DALLAS, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking and blockchain workloads, reported financial results for the fiscal first quarter ended August 31, 2025. The Company also provided operational updates. Fiscal First Quarter 2026 Continuing Operations Financial Highlights Revenu ...