Applied Digital Corporation

APLD

US0381692070

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-28 pm EDT			5-day change	1st Jan Change
4.62 ^USD	+0.22%		+4.52%	-31.45%

May. 24	Applied Digital Issues $42.1 Million Convertible Debenture to Fund Data Center Construction	MT
May. 24	Applied Digital Corporation announced that it has received $42.131579 million in funding	CI

Applied Digital Corporation Announces Formation of New Wholly-Owned Subsidiary, Applied Digital Cloud Corporation

May 14, 2024 at 08:00 am EDT

On May 13, 2024, Applied Digital Corporation announced the formation of a new wholly-owned subsidiary, Applied Digital Cloud Corporation ("Applied Digital Cloud"). Applied Digital Cloud owns all of the business that was formally known as SAI Computing LLC and will operate the Company's Cloud services business.

Latest news about Applied Digital Corporation

Applied Digital Issues $42.1 Million Convertible Debenture to Fund Data Center Construction	May. 24	MT
Applied Digital Corporation announced that it has received $42.131579 million in funding	May. 23	CI
Applied Digital Shares Rise on Planned Offering of 2 Million Preferred Shares	May. 17	MT
Applied Digital Corporation Announces Board Appointments to Applied Digital Cloud Corporation	May. 14	CI
Applied Digital Corporation Announces Formation of New Wholly-Owned Subsidiary, Applied Digital Cloud Corporation	May. 14	CI
Oasis Management Enters into a cooperation and standstill agreement with Applied Digital Corporation	May. 07	CI
B. Riley Adjusts Price Target on Applied Digital to $6 From $8, Maintains Buy Rating	May. 06	MT
Applied Digital Announces Appoints Todd Gale as Chief Development Officer, Effective May 3, 2024	May. 03	CI
Applied Digital Corporation Appoints Ella Benson to Board of Directors, Effective May 6, 2024	Apr. 30	CI
Craig-Hallum Adjusts Applied Digital's Price Target to $10 From $15, Maintains Buy Rating	Apr. 12	MT
Needham Adjusts Applied Digital's Price Target to $11 From $13, Keeps Buy Rating	Apr. 12	MT
Lake Street Adjusts Applied Digital's Price Target to $7 From $19, Buy Rating Kept	Apr. 12	MT
Overreacting much?	Apr. 12
Sector Update: Financial Stocks Decline Pre-Bell Friday	Apr. 12	MT
Sector Update: Financial	Apr. 12	MT
Roth MKM Adjusts Applied Digital Price Target to $8 From $13, Maintains Buy Rating	Apr. 12	MT
Top Premarket Decliners	Apr. 12	MT
North American Morning Briefing : Big Banks Kick off Earnings Season	Apr. 12	DJ
Futures steady ahead of big bank earnings	Apr. 12	RE
Transcript : Applied Digital Corporation, Q3 2024 Earnings Call, Apr 11, 2024	Apr. 11
Applied Digital Shares Drop After Fiscal Q3 Adjusted Loss Widens, Revenue Rises	Apr. 11	MT
Earnings Flash (APLD) APPLIED DIGITAL CORPORATION Posts Q3 Revenue $43.3M, vs. Street Est of $49.9M	Apr. 11	MT
Applied Digital misses quarterly revenue estimates	Apr. 11	RE
Applied Digital Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024	Apr. 11	CI
North American Morning Briefing : Stock Futures Edge Lower Ahead of PPI Inflation Gauge	Apr. 11	DJ

Chart Applied Digital Corporation

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Company Profile

Applied Digital Corporation designs, develops, and operates data centers across North America to provide digital infrastructure solutions. The Company provides three primary business streams, including artificial intelligence (AI) cloud services, high performance computing (HPC) datacenter hosting, and crypto datacenter hosting. The Companyâs AI Cloud service operates through its Sai Computing brand and provides cloud services applicable to artificial intelligence. The high-performance computing datacenter business designs, builds, and operates datacenters, which are designed to provide computing power and support high-compute applications within a cost-effective model. The crypto datacenter hosting business provides infrastructure and colocation services to crypto mining customers. It has developed a pipeline of potential power sources across its sites in Jamestown, North Dakota; Garden City, Texas, and Ellendale, North Dakota.

Sector

Blockchain & Cryptocurrency

Calendar

2024-05-28 - Craig Hallum Institutional Investor Conference

Related indices

Russell 2000

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Ratings for Applied Digital Corporation

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Investor Rating

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.62 USD

Average target price

8.429 USD

Spread / Average Target

+82.44%

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Quarterly earnings - Rate of surprise

Company calendar

Sector Cryptocurrency Mining

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BITDEER TECHNOLOGIES GROUP	-38.03%	725M
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Cryptocurrency Mining