Applied Digital Corporation
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Wesley Carl Cummins
- Full Time Employees
- 256
- Sector
- Technology services
- Industry
- Data processing services
- Address
- 3811 Turtle Creek Boulevard Dallas TX United States 75219
- IPO Date
- Apr 13, 2022
- CIK
- 0001144879
- Website
- applieddigital.com
- Similar Companies
- Business
- Applied Digital Corporation (Nasdaq: APLD) designs, builds, and operates next-generation digital infrastructure solutions, including purpose-built data centers and cloud services, for high-performance computing (HPC) and artificial intelligence (AI) industries primarily in North America. The company operates through three segments: Data Center Hosting, providing colocation and infrastructure services to cryptocurrency mining customers; Cloud Services, offering GPU-as-a-Service solutions such as Applied Digital Cloud for AI, machine learning, rendering, and other demanding workloads; and HPC Hosting, delivering GPU computing for critical AI and HPC tasks; it also designs, constructs, and manages data centers optimized for accelerated computing with proprietary waterless cooling, redundant systems, and scalable resources. Founded in 2021 and headquartered in Dallas, Texas, Applied Digital targets hyperscale AI clients, blockchain operators, and enterprises requiring secure, energy-efficient compute capacity, with facilities strategically located for low-cost power including its Polaris Forge AI Factory campus in Ellendale, North Dakota. In October 2025, the company executed the first funding milestone under a $5.0 billion perpetual preferred equity partnership with Macquarie Asset Management to support development of its 400MW Polaris Forge 1 campus, leased to CoreWeave, substantially reducing equity needs for future projects; it maintains a lease with CoreWeave for an additional 150MW at the site and previously secured $160 million in strategic financing in 2024 to fuel AI infrastructure expansion. Formerly known as Applied Blockchain, Inc., the company rebranded in November 2022 to reflect its strategic shift from crypto mining toward broader HPC and AI applications.
Company News
Why Applied Digital Stock Was a Major Winner on Wednesday
TeraWulf Jumps 8% as CEO Says Power Demand Remains ‘Extremely Strong'; Applied Digital Surges 9%, IREN Climbs 6%
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Soluna Agrees to Form Strategic Partnership with Applied Digital to Develop Wind-Powered AI Data Center in Texas
Powering Up: Applied Digital Execs Buy $6.7M in Stock
IREN Sinks 6%, Then Recovers After Co-CEO's No-Debt Reassurance as Neocloud Worries Persist; TeraWulf and Applied Digital Rise 3%
Applied Digital (NASDAQ:APLD) CEO Wes Cummins Buys 55,803 Shares of Company Stock
Applied Digital (NASDAQ:APLD) President Jason Gechen Zhang Acquires 300,000 Shares of Company Stock
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Applied Digital (NASDAQ: APLD) president buys shares for $5.66 million
AI Cloud Spending Is Splitting Companies Into the Funded and the Stretched
Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2%
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Cipher Digital Falls 5% as $850M Zero-Coupon Note Pricing Extends Slide; Applied Digital Declines 6%, IREN Drops 4%
Cipher Digital Tumbles 14% on $850M Convertible Note Offering and Share Exchange; Applied Digital Drops 5%
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