Crypto Miner and Data Center Applied Digital (APLD) Tumbles 30% as Earnings Report Disappoints

Crypto Miner and Data Center Applied Digital (APLD) Tumbles 30% as Earnings Report Disappoints

Shares of Applied Digital (APLD), a Texas bitcoin mining and data center firm, dropped sharply on Tuesday after the digital infrastructure provider reported quarterly results that fell short of Wall Street expectations.The company, which has pivoted from its crypto mining roots to focus on high-performance computing (HPC) and AI-focused data centers, reported revenue of $52.9 million for the quarter ending February 28, 2025—a 22% increase from a…

Applied Digital misses quarterly revenue estimates as clients delay renewing data center leases

(Reuters) – Applied Digital reported third-quarter revenue below Wall Street estimates on Monday, as clients delayed renewing their data center leases, sending shares of the company down 11% in extended trading. The data center operator said its board has approved plans for a potential sale of the cloud services business segment, as it looks to transition into a data center real estate investment trust. The company reported third-quarter revenue…

Applied Digital Tumbles 30% on Revenue Miss; Plans Selling Cloud Computing Unit

The Texas company, which pivoted from crypto mining to high-performance computing, said it will sell its cloud computing business to struggling cloud computing business.

Data center operator Applied Digital reports Q3 revenue up 22% YoY to $53M, vs. $63M est., as clients delay renewing their leases; APLD drops 13%+ after hours

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