Applied Digital Corporation
Capital Structure
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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
A Major Neocloud Stock Rally May Be Coming. These 3 Stocks Could Be the Biggest Winners.
Applied Digital Shareholders Elect Six Directors, Approve Say-on-Pay
Applied Digital Stock Jumps: What's Going On?
Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7%
Applied Digital vs. IREN: Which Technology Stock Is a Better Buy for 2027?
Applied Digital Slumps 8% as CEO Says 800 MW Still Needs Financing; Nebius and CoreWeave Fall 6%
Applied Digital CEO Wes Cummins on Elon Musk's 'guppy-level death' prediction for 200-plus neoclouds
Meet the Underrated Artificial Intelligence (AI) Stock That Could Soar 255% in a Year, According to Wall Street
Should Investors Buy Iren Instead of Applied Digital?
Applied Digital Insiders Just Bought More Shares. Should You Join Them?
Applied Digital Jumps 10% as Data Center Stocks Rebound; Riot Climbs 7%, Core Scientific Gains 4%
TeraWulf Jumps 7% as CEO Pushes Back on Stranded Data Center Fears; Cipher Digital Rises 3%, Applied Digital Edges Higher
Applied Digital Keeps Cratering: This Analyst Keeps Insisting It's Going to Jump by 390%
Elon Musk's Warning of ‘Guppy-Level Death' Sends Neocloud Stocks Tumbling
Is Money for AI Data Centers Drying Up? Here's Who Could Come Out on Top.
Applied Digital's Co-Founders Loaded Up on Shares as the Stock Hit a One-Year Low
DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive?
Short Sellers Just Made $6 Billion Betting Against AI Data Center Stocks
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%