Applied Blockchain, Inc. engages in crypto mining and co-hosting operations. The company was formerly known as Applied Science Products, Inc. and changed its name to Applied Blockchain, Inc. in April 2021. The company is based in Dallas, Texas.
IPO Year: 2022
Exchange: NASDAQ
Website: https://www.appliedblockchaininc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/3/2023 | $14.00 | Buy | ROTH MKM |
12/22/2022 | $4.00 | Buy | H.C. Wainwright |
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4 - Applied Digital Corp. (0001144879) (Issuer)
4 - Applied Digital Corp. (0001144879) (Issuer)
4 - Applied Digital Corp. (0001144879) (Issuer)
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4 - Applied Digital Corp. (0001144879) (Issuer)
NEWPORT BEACH, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the presenting company lineup for the Artificial Intelligence (AI), Blockchain, and Digital Infrastructure Track at the 2024 Gateway Conference. Scheduled for Thursday, September 5th, the presentation format will showcase seven innovative publicly traded companies at the forefront of the technology sector at the Four Seasons Hotel in San Francisco. Featured CompaniesThe AI, Blockchain, and Digital Infrastructure Track will include presentations from: Applied Digital Corporation (NASDAQ:APLD) - A designer, builder, and oper
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, 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, July 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, announced today that it has met the conditional approval requirements related to the release of the escrowed funds from the sale of its Garden City, Texas facility. The Company has now received the remaining $25 million of the purchase price held in escrow pending such conditional approval. "Our ability to meet the conditional approval requirements reflects our commitment to operational excellence and financial discipline," said David
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
Loan Demonstrates CIM Group's Expertise in Structuring Bespoke Credit Solutions for Clients and Companies at the Nexus of Infrastructure and Real Estate CIM Group announced today that it closed on an initial $125 million loan commitment with a potential increase up to $200 million to Applied Digital (NASDAQ:APLD). The loan will fund construction of Applied Digital's High-Performance Computing (HPC) Campus in Ellendale, North Dakota. The data center is designed to provide massive computing power and support HPC applications. Applied Digital is a designer, builder, and operator of next-generation digital infrastructure designed for HPC applications. In October 2023, the company began cons
Applied Digital secures a $125 million initial commitment to fund ongoing construction costs associated with its HPC Campus in Ellendale, ND, which can be upsized upon mutual agreement by both parties up to $200 millionThis financing completes the Company's near-term capital needs and positions it to secure project-level financing to fund the remaining costs to complete the first HPC buildingFinancing provides the Company with a clear path to solidifying its position as a leading HPC datacenter owner and operator DALLAS, June 07, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation dig
DALLAS, May 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, announced that the Company recently entered into a private financing agreement with a single investor (the "Investor"), in which it issued a $42,131,579 unsecured convertible debenture. The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks. The conversion price for the note is the lower (a) $8.00 and (b) 95% of the lowest daily volume weighted average price of the Company
DALLAS, May 08, 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 its participation in the 19th Annual Needham Technology & Media Conference, 24th Annual B. Riley Institutional Investor Conference, and 21st Annual Craig-Hallum Institutional Investor Conference. 19th Annual Needham Technology & Media ConferenceThe 19th Annual Needham Technology & Media Conference will be held May 14 – May 16 at The Westin Grand Central Hotel in New York, NY. Applied Digital is scheduled to present on Ma
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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
DALLAS, Jan. 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, will host a conference call on Tuesday, January 16, 2024 at 9:00 a.m. Eastern time to discuss its operations and financial results from the fiscal second quarter ended November 30, 2023. 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: Tuesday, January 16, 2024Time: 9:00 a.m. Eastern
- Generated Sequential Revenue Growth of 65% - - Reaffirms Fiscal 2024 Full-Year Guidance - - Applied Digital to Host Investor Day on October 12, 2023 - DALLAS, Oct. 09, 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, artificial intelligence cloud services ("Cloud services"), and datacenter hosting ("Hosting"), reported financial results for the fiscal first quarter ended August 31, 2023. The Company also provided forward guidance and an operational update. Fiscal First quarter 2024 Financial a
DALLAS, Sept. 28, 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, will host a conference call on Monday, October 9, 2023 at 9:00 a.m. Eastern time to discuss its operations and financial results from the fiscal first quarter ended August 31, 2023. 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: Monday, October 9, 2023Time: 9:00 a.m. Eastern time (
- Generated Sequential Revenue Growth of 56% - - Provides Fiscal 2024 Full-Year Guidance - DALLAS, July 24, 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, reported financial results for the fiscal fourth quarter and full year ended May 31, 2023. The Company also provided forward guidance and an operational update. Recent Financial and Operational Highlights Fiscal fourth quarter 2023 revenue of $22 million.Fiscal fourth quarter 2023 adjusted EBITDA of $2.9 million.Fiscal fourth quarter 2023 a
DALLAS, July 06, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure that is designed for High Performance Computing ("HPC") applications, will host a conference call on Monday, July 24, 2023 at 9:00 a.m. Eastern time to discuss its operations and financial results from the fiscal fourth quarter and full year ended May 31, 2023. The Company will also provide guidance for full year fiscal 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 quest
DALLAS, April 06, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure that is designed for High Performance Computing ("HPC") applications, today reported financial results for the fiscal third quarter of 2023 ended February 28, 2023. The Company also provided an operational update and outlook. Recent Financial and Operational Highlights Fiscal third quarter 2023 revenue of $14.1 million.Fiscal third quarter 2023 adjusted EBITDA of $0.9 million.Fiscal third quarter 2023 adjusted loss from continuing operations of $1.4 million, or adjusted loss per share of $0.0
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
Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell sharply during Monday’s session. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from Buy to Neutral. CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world. Selective Insurance Group shares dipped 13.2% to $264.65 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) shares climbed 148% to $1.98 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2. CareMa
Applied Digital's (NYSE:APLD) short percent of float has risen 17.35% since its last report. The company recently reported that it has 19.60 million shares sold short, which is 17.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Needham analyst John Todaro reiterates Applied Digital (NASDAQ:APLD) with a Buy and maintains $11 price target.
Roth MKM analyst Darren Aftahi maintains Applied Digital (NASDAQ:APLD) with a Buy and maintains $11 price target.
U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 0.4% on Wednesday. Shares of SMART Global Holdings, Inc. (NASDAQ:SGH) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results. SMART Global reported quarterly earnings of 37 cents per share, which beat the analyst consensus estimate of 30 cents. Quarterly sales came in at $300.6 million, which beat the analyst consensus estimate of $300 million, according to data from Benzinga Pro. SMART Global shares jumped 17.4% to $27.27 on Wednesday. Here are some other big stocks recording gains in today’s session. Solaris Oilfield Infrastructure, Inc.
Shares of Helen of Troy Limited (NASDAQ:HELE) fell sharply during Tuesday's session after the company reported soft first-quarter earnings and lowered its FY25 guidance. Helen of Troy reported quarterly earnings of 99 cents per share which missed the analyst consensus estimate of $1.59. The company reported quarterly sales of $416.85 million which missed the analyst consensus estimate of $446.22 million, according to data from Benzinga Pro. Helen of Troy shares dipped 30.3% to $62.06 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Soligenix, Inc. (NASDAQ:SNGX) shares jumped 195% to $5.90 after the company announced interim results for extende
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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