DALLAS, March 31, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, will host a conference call on Monday, April 14, 2025, at 5:00 p.m. Eastern Time to discuss its operations and financial results for the fiscal third quarter ended February 28, 2025. A press release detailing these results will be issued after the market closes on the same day. Applied Digital management will provide prepared remarks, followed by a question-and-answer period. Date: Monday, April 14, 2025Time: 5:00 p.m. Eastern Time (

The $5.0 Billion Investment Can Support Over 2 GW of HPC Data Center Development Funds managed by Macquarie Asset Management ("MAM") to invest up to $900 million in the Company's Ellendale High Performance Computing ("HPC") data center campus (the "Ellendale HPC Campus").Agreement to provide MAM a right to invest up to an additional $4.1 billion across Applied Digital's future HPC data center pipeline.The MAM investment, in conjunction with future project financing, to be used to repay project-level debt and allow the Company to recover over an estimated $300 million of its equity investment in the Ellendale HPC Campus.MAM's investment will take the form of a perpetual preferred and 15% com

ATLANTA, Dec. 19, 2024 /PRNewswire/ -- NEWSTAR Exchange, a subsidiary of NEWSTAR, announced today that it has acquired Hadley Crossing by Stella Homes, a single-family rental subdivision located in Charlotte, North Carolina, and launched a new Delaware Statutory Trust offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031. www.newstar-am.com (PRNewsfoto/NewStar Asset Management)" alt="NEWSTAR | www.newstar-am.com (PRNewsfoto/NewStar Asset Management)"> The property was developed by NEWSTAR and features 44, 4-bedroom detached homes with

DALLAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, will host a conference call on Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time to discuss its operations and financial results for the fiscal second quarter ended November 30, 2024. A press release detailing these results will be issued after the market closes on the same day. Applied Digital management will provide prepared remarks, followed by a question-and-answer period. Date: Tuesday, January 14, 2025Time: 5:00 p.m. Eastern

DALLAS, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced the upsize and pricing of its offering of $375 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the "Convertible Notes"). The Convertible Notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Key Elements of the Transaction: $375 million 2

DALLAS, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing ("HPC") applications, will host a conference call on Wednesday, October 9, 2024 at 5:00 p.m. Eastern Time to discuss its operations and financial results from the fiscal first quarter ended August 31, 2024. A press release detailing these results will be issued after the market closes on the same day. Applied Digital management will provide prepared remarks, followed by a question-and-answer period. Date: Wednesday, October 9, 2024Time: 5:00 p.m. Eastern

DALLAS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing ("HPC") applications, will host a conference call on Wednesday, August 28, 2024 at 5:00 p.m. Eastern time to discuss its operating and financial results for the fiscal fourth quarter and full year ended May 31, 2024. A press release detailing these results will be issued after the market closes on August 28, 2024, ahead of the conference call. Applied Digital management will provide prepared remarks, followed by a question-and-answer period. Date: Wednesd

DALLAS, April 09, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing ("HPC") applications, today announced that, in light of a scheduling issue, has moved its fiscal third quarter 2024 earnings conference call to Thursday, April 11, 2024, at 5:00 p.m. Eastern time. Financial and operational results for the fiscal third quarter ended February 29, 2024, will be issued after the market closes on Thursday, April 11, 2024. Applied Digital management will provide prepared remarks, followed by a question-and-answer period. Date:

DALLAS, March 28, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing ("HPC") applications, will host a conference call on Wednesday, April 10, 2024 at 9:00 a.m. Eastern time to discuss its operations and financial results from the fiscal third quarter ended February 29, 2024. A press release detailing these results will be issued before the market open on the same day. Applied Digital management will provide prepared remarks, followed by a question-and-answer period. Date: Wednesday, April 10, 2024Time: 9:00 a.m.

- Generated Sequential Revenue Growth of 16% - - Anchor Tenant Update - DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing ("HPC") applications, cloud services ("Cloud services"), and datacenter hosting ("Datacenter hosting"), reported financial results for the fiscal second quarter ended November 30, 2023. The Company also provided an operational update. Fiscal Second Quarter 2024 Financial and Operational Highlights Total revenue of $42.2 millionNet loss of $10.5 millionAdjusted EBITDA of $10.6 mill

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Citizens JMP initiated coverage of Applied Digital Corporation with a rating of Mkt Outperform and set a new price target of $12.00

Compass Point initiated coverage of Applied Digital Corporation with a rating of Buy and set a new price target of $10.00

Cantor Fitzgerald initiated coverage of Applied Digital Corporation with a rating of Overweight and set a new price target of $15.00

ROTH MKM initiated coverage of Applied Digital Corporation with a rating of Buy and set a new price target of $14.00

H.C. Wainwright initiated coverage of Applied Digital Corporation with a rating of Buy and set a new price target of $4.00

DALLAS, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure for HPC applications, today welcomes Laura Laltrello as the Company's new Chief Operating Officer (COO). The onboarding of Ms. Laltrello is intended to enhance the Company's position as a leader in next-generation data centers and digital cloud solutions at the forefront of the AI revolution. As COO, Ms. Laltrello will work closely with the Applied Digital leadership team to drive the execution of the Company's strategic vision and oversee all aspects of day-to-day operations. She brings to her

DALLAS, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced the appointment of Gary Smith as its new Senior Director of Physical Security. Smith has over 40 years of experience in law enforcement and corporate security and is expected to play a pivotal role in the ongoing safety and integrity of Applied Digital's facilities. In this role, Smith will be responsible for overseeing all aspects of physical safety at Applied Digital, including security services, access control, and s

DALLAS, July 24, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced the appointment of Tom Burke as its Chief Revenue Officer (CRO). With over a decade of experience in leading global sales and AI partnership strategies, we believe Mr. Burke is poised to drive Applied Digital's revenue growth and strategic partnerships forward. In his new role, Burke will be responsible for overseeing revenue-generating functions for the Company's business, such as sales and customer success, and deve

DALLAS, July 10, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced the appointment of Chris Jackson as its new Senior Vice President of Operations. With over 20 years of experience in managing critical project operations and a robust record of accomplishment of success and uptime availability, Jackson is set to play a pivotal role in driving forward Applied Digital's operational efficiency and scalability. In his new role, Jackson will be responsible for overseeing developmen

DALLAS, May 03, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing ("HPC") applications, today announced that Todd Gale has been appointed as Chief Development Officer, effective May 3, 2024. Mr. Gale's wealth of leadership acumen, developed during his tenure at Flexential and Terremark Worldwide, equips him to lead pivotal initiatives in his new role, propelling the growth and innovation of Applied Digital's HPC datacenter campus in Ellendale, North Dakota. His focus on designing liquid cooling systems, optimizing power

Benson Brings Over a Decade of Experience in Financial Services Joins the Board as Part of a Cooperation and Standstill Agreement with Oasis Management Company DALLAS, April 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, has appointed Ella Benson as an independent director on its Board of Directors (the "Board"), effective May 6, 2024. Ella has also been appointed to serve as Chairperson of the Nominating and Governance Committee. Ella Benson brings over a decade of experience in financial se

DALLAS, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing ("HPC") applications, announced Rachel H. Lee was appointed as an independent director to its Board of Directors (the "Board"), effective February 22, 2024. Ms. Lee will fill one of the vacancies created by the resignations of Kelli McDonald and Virginia Moore, who have decided to step down following nearly three years of service as directors. Rachel Lee brings seventeen years of finance and investment experience and nearly a decade of board experience at

DALLAS, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing ("HPC") applications, announced Kate Reed was elected as an independent director on its Board of Directors (the "Board") on November 9, 2023. Kate Reed is a technology industry veteran with experience in leading and developing teams across several key departments at IBM Corporation from 2014 to 2023. Reed's areas of expertise include Artificial Intelligence, Analytics, Cyber Security, and Cloud Computing. Most recently, she served as Director of Sales at

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 06, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Applied Digital Corporation ("Applied Digital" or the "Company") (NASDAQ:APLD) investors that a lawsuit filed on behalf of investors that purchased Applied Digital securities between April 13, 2022 and July 26, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Applied Digital Corporation ("Applied Digital" or the "Company") (NASDAQ:APLD) investors that a lawsuit filed on behalf of investors that purchased Applied Digital securities between April 13, 2022 and July 26, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case eva