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Applied Digital (APLD) investor relations material
Applied Digital Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Designs, develops, and operates high-performance, sustainably engineered data centers and colocation services for AI, networking, and blockchain workloads, with a focus on rapid deployment and waterless cooling technology.
Operates two business segments: Data Center Hosting (crypto mining customers) and High-Performance Computing (HPC) Hosting (AI, machine learning, and other HPC applications).
Facilities include sites in North Dakota with current and planned capacity expansions, including the Polaris Forge 1 and 2 campuses.
Recently classified its Cloud Services Business as held for sale, representing a strategic shift.
Financial performance and metrics
Entered into a $2.35 billion senior secured notes offering due 2030, with proceeds used for expansion and refinancing.
Completed a $112.5 million sale of preferred units in its HPC business, with the right for the investor to invest up to an additional $4.9 billion.
As of December 3, 2025, 279,263,526 shares of common stock and 407,183 shares of preferred stock were outstanding.
Use of proceeds and capital allocation
Will not receive proceeds from the resale of 2,400,000 shares of common stock by selling stockholders; all offering expenses will be paid by the company.
Recent capital raises and loans are allocated to data center construction, equipment purchases, transaction costs, and general corporate purposes.
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