EarningsApplied Digital reported FY3Q24 revenues of $43.3M, up 42.2% from Nov.’s $42.4M, as it continues to press development of as much as 1.6GW of infrastructure.
ExpansionAPLD remains our top pick, for its 400MW site in ND, with options to expand.
Financial PerformanceApplied Digital announced securing a private debt arrangement for up to $200M in advancing the construction of its Ellendale, ND, HPC data center.