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Applied Blockchain Inc
NASDAQ:APLD

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Applied Blockchain Inc
NASDAQ:APLD
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Price: 30.99 USD -5.43% Market Closed
Market Cap: 8.7B USD

Applied Blockchain Inc
Investor Relations

In the rapidly evolving landscape of technology, Applied Blockchain Inc. emerges as a key player, strategically poised at the intersection of energy and high-performance computing. Founded with a vision to integrate the robust capabilities of blockchain technology into practical, real-world applications, the company has carved a niche for itself by focusing on a unique business model. Primarily, Applied Blockchain positions itself not just as a traditional blockchain entity but as an innovator in powering blockchain networks with sustainable energy sources. This approach not only alleviates environmental concerns typically associated with blockchain operations but also enhances operational efficiency and reduces costs, providing them with a competitive edge.

The company generates revenue by deploying and operating its own blockchain infrastructure, offering computing power to clients who need blockchain services for transactions and smart contracts. Applied Blockchain's facilities are strategically located near renewable energy sources, enabling them to offer competitive pricing while maintaining a lower carbon footprint. Through partnerships with energy companies and by leveraging advanced technologies, they manage to optimize energy consumption and ensure an uninterrupted power supply. This synergy between technology and sustainability not only helps in catering to the growing demand for blockchain solutions but also positions Applied Blockchain as an environmentally conscious leader within the industry, creating value for clients, shareholders, and the communities they serve.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Oct 9, 2025
AI Summary
Q1 2026

Revenue Surge: Applied Digital reported quarterly revenue of $64.2 million, up 84% year over year, driven largely by $26.3 million from tenant fit-out services for its HPC hosting business.

Major Contract Expansion: The company expanded its long-term lease with CoreWeave to cover 400 megawatts at Polaris Forge 1, increasing the total contract value to about $11 billion over 15 years.

New Campus Progress: Construction began on Polaris Forge 2, with initial funding secured and the first building expected online in late 2026 and full capacity in 2027.

Financing Secured: Applied Digital drew $112.5 million from a $5 billion preferred equity facility with Macquarie, aiming to minimize future equity needs and support rapid expansion.

Strategic Visibility: Management highlighted a robust multi-gigawatt pipeline and expects long-term contracts to provide significant revenue visibility and support a goal of $1 billion NOI run rate in five years.

Cloud Services Review: The company reiterated that its Cloud Services segment is classified as held for sale, with the strategic review still ongoing.

Strong Industry Demand: Management cited unprecedented investment in AI infrastructure and described accelerating demand for large-scale, power-dense data centers.

Key Financials
Revenue
$64.2 million
Tenant fit-out revenue
$26.3 million
Cost of revenues
$55.6 million
SG&A
$29.2 million
Net loss
$27.8 million
EPS
$0.11 loss per share
Adjusted net loss
$7.6 million
Adjusted EPS
$0.03 loss per share
Adjusted EBITDA
$0.5 million
Cash, cash equivalents and restricted cash
$114.1 million
Debt
$687.3 million
Property and equipment (balance sheet)
$1.6 billion built and funded
Polaris Forge 1 total contract value
$11 billion over 15 years
Earnings Call Recording
Other Earnings Calls

Management

Mr. Wesley Cummins
Chairman, CEO, President, Secretary & Treasurer
No Bio Available
Mr. Michael Maniscalco
Chief Technology Officer
No Bio Available
Mr. David Rench
Chief Administrative Officer
No Bio Available
Ms. Kate Reed
Chief Growth Officer & Director
No Bio Available

Contacts

Address
TEXAS
Dallas
3811 Turtle Creek Blvd., Suite 2125
Contacts