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flag Applied Digital reports Q2 revenue up 51% to $63.9M, secures $5B financing for data centers.

flag Applied Digital (APLD) reported a 51% jump in Q2 revenue to $63.9 million, beating analyst expectations, despite posting a net loss of $138.7 million. flag The company secured a $5 billion financing deal with Macquarie Asset Management to support its HPC data center projects, and insiders recently sold shares worth $2.5 million. flag Applied Digital is expanding its data center capacity and is in advanced talks with hyperscalers for leasing agreements.

3 months ago
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