Company Overview - Applied Digital provides digital infrastructure solutions, including high-performance computing (HPC) hosting, cloud services, and data center operations, generating revenue from infrastructure services and GPU computing for AI, machine learning, and cryptocurrency mining clients [2][9] - The company serves enterprise customers in the AI, machine learning, and cryptocurrency mining sectors, focusing on designing, constructing, and managing data centers that support critical workloads for AI and HPC applications [1][7] Financial Performance - In its fiscal second quarter ended November 30, sales rose 250% year over year, reaching $126.6 million, driven by strong demand for data center space [9] - The company's stock price reached a 52-week high of $42.27 on January 28, 2026, reflecting investor excitement over the artificial intelligence sector [8][9] Insider Activity - On January 29, 2026, Board of Directors member Chuck Hastings executed an open-market sale of 45,987 shares at a price of $38.57, realizing a transaction value of approximately $1.8 million [6][8] - After the sale, Mr. Hastings retains 388,372 directly held shares, valued at approximately $14.8 million, indicating continued confidence in the company [4][8] Market Valuation - Applied Digital's price-to-sales ratio exceeds 26, indicating a high valuation, which suggests that it may be a good time to sell shares rather than buy [10] - The stock's one-year total return was 399.32% as of January 29, 2026, indicating substantial appreciation [3]