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Business Summary: Applied Digital Corporation is a designer, builder, and operator of sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. The Company’s segments include data center hosting (Data Center Hosting Business) and high-performance compute hosting (HPC Hosting Business). The Data Center Hosting Business operates data centers to provide energized space to crypto mining customers. Customer-owned hardware is installed in its facilities, and the Company provides operational and maintenance services for a fixed fee. Its facilities include a 106 megawatt (MW) facility in Jamestown and a 180 MW facility in Ellendale, North Dakota. The HPC Hosting Business designs, builds, and operates data centers which are designed to support high-compute applications using advanced technologies and infrastructures to provide services to customers. Its HPC data center is located at its Polaris Forge 1 campus with 100 MW capacity.
Financial Summary: BRIEF: For the nine months ended 28 February 2026, Applied Digital Corp revenues increased from $123.9M to $317.4M. Net loss applicable to common stockholders excluding extraordinary items increased 7% to $159.9M. Revenues reflect HPC Hosting Business segment increase from $0K to $182.3M, Data Center Hosting Business segment increase of 10% to $117.1M, Cloud Services Business segment increase of 2% to $18.1M.