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Applied Digital Secures 250MW AI Leases Amid $231M Loss

APLD10-KFiling Date: 7/30/2025
Applied Digital Corporation
Description

What this story covers

Applied Digital's 10-K shows $144M revenue from crypto hosting, a pivot to AI via Polaris Forge with CoreWeave's 250MW leases, $231M net loss from HPC investments, strong liquidity post-financings, and risks like customer concentration and construction delays.

Story snapshot

CompanyApplied Digital Corporation
TickerAPLD
VariantStandard detailed
Duration9:42
Filing type10-K
PeriodAnnual 2025
IndustryTechnology
Accession0001144879-25-000021

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