Applied Digital Corp. (APLD)
Applied Digital Corp. operates in the Information Technology Services industry of the Technology sector, headquartered in Dallas, TX, US. The stock last traded at $31.36, up 5.62% on the session, giving a market capitalisation of $9.03B. On trailing twelve-month figures it carries a trailing P/E of -35.24, a net margin of -42.3%. Its beta of 5.77 implies it has historically moved more than the broad market.
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
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