{"filings":[{"id":91560,"accession_number":"0001493152-26-021333","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Applied Digital completes cloud business spinoff, retains ~97% of ChronoScale (CHRN)","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Contributed cloud business to Ekso Bionics; combined entity renamed ChronoScale Corp., trading on Nasdaq as CHRN as of May 5, 2026.","Applied Digital received ~138M shares of ChronoScale, representing ~97% ownership, plus invested $15.75M in a private placement at $12.01/share.","Applied Digital entered a Management Advisory and Corporate Services Agreement with ChronoScale, receiving 1% of gross revenue quarterly plus service fees.","Investor Rights Agreement gives Applied Digital the right to designate 4 of 7 directors and approval rights over major actions while holding ≥30% of voting securities.","ChronoScale must file a resale registration statement within 60 days and use commercially reasonable efforts to have it declared effective within 30-60 days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91559,"accession_number":"0001144879-26-000036","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-04-23T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Applied Digital signs $7.5B hyperscaler lease at Delta Forge 1, total contracted revenue >$23B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New 15-year lease with US investment-grade hyperscaler for 300 MW IT load at Delta Forge 1 campus.","Total contracted lease revenue expands to over $23 billion; >50% backed by investment-grade customers.","Delta Forge 1 is a 430 MW AI factory campus; initial operations expected mid-2027.","Company expects up to $300M bridge facility for Polaris Forge 1 Building 3 and up to $300M revolver for development.","Third hyperscale tenant diversifies customer base; second US investment-grade hyperscaler."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91558,"accession_number":"0001493152-26-017092","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-04-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"APLD grants profits interests awards to four executives representing ~5.25% of EKSO shares in pending deal","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Awards of MIP Units granted on April 9, 2026 to Wes Cummins, Jason Zhang, Saidal Mohmand, and Laura Laltrello.","Each award fully vested upon grant under newly adopted APLD ChronoScale Management LLC Equity Incentive Plan.","Awards represent approximately 5.25% of EKSO common stock to be issued to Holdco under the Contribution and Exchange Agreement.","Plan designed to provide incentive for Holdco Group success and growth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91557,"accession_number":"0001144879-26-000029","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-04-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Applied Digital Q3 revenue surges 139% to $126.6M; adjusted net income $33.2M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $126.6M, up 139% YoY; net loss $100.9M (-$0.36) due to $59.7M write-down of Cloud Services.","Adjusted net income $33.2M ($0.09/diluted) vs loss of $2.6M prior year; Adjusted EBITDA $44.1M.","Subsequent: Completed $2.15B 6.750% Senior Secured Notes due 2031 to fund Polaris Forge 2 campus.","Broke ground on 430 MW Delta Forge 1 AI Factory; initial ops mid-2027; CoreWeave lease enhancements with $50M LC.","Data Center Hosting segment operating profit $13.9M on $119.6M assets."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.51,"consensus_revenue_estimate":null,"consensus_revenue_actual":352562000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91556,"accession_number":"0001493152-26-014498","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K/A","filed_at":"2026-04-01T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Applied Digital restructures CoreWeave leases; obtains investment-grade credit support","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CoreWeave refinanced debt for ELN-02 & ELN-03 received A3 rating (investment grade) vs BB.","CoreWeave provides springing guaranties for both SPV leases and $50M letter of credit for ELN-02.","For ELN-03, lease assigned to CoreWeave SPV; CoreWeave Parent released from obligations.","Applied Digital says transactions are favorable to holders of its 9.250% notes due 2030."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101738,"accession_number":"0001493152-26-010113","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K/A","filed_at":"2026-03-13T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Applied Digital fixes PSU award error; existing Polaris Forge data centers now count toward hurdles","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amended agreement with President Jason Zhang corrects scrivener's error that omitted existing Polaris Forge 1 data centers from PSU hurdle calculation.","Investment-grade hyperscaler requirement now applies only to First and Third Hurdles; any hyperscaler counts for Second and Fourth Hurdles.","Total PSUs unchanged at 1.5 million; vesting hurdles remain 600 MW for First/Third and 1.6 GW for Second/Fourth.","All contracts entered before award date now count toward hurdles; prior version only considered post-award contracts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101747,"accession_number":"0001493152-26-009538","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-03-10T23:59:59+00:00","items":["1.01","2.03","5.02","9.01"],"status":"ready","headline":"Applied Digital subsidiary issues $2.15B in 6.75% senior secured notes due 2031","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Notes issued at 98% by APLD ComputeCo 2 LLC; net proceeds to fund 200 MW AI campus (Polaris Forge 2) in Harwood, ND, leased to Oracle.","Interest 6.75% semi-annual; maturity March 2031; amortization starts after final lease commencement date.","CFO Saidal Mohmand awarded $750,000 bonus for completing financings for Polaris Forge 1 and 2 campuses.","Gross proceeds deposited in escrow until conditions met; parent Applied Digital provides completion guarantee.","Indenture restricts additional debt, dividends, asset sales; change-of-control repurchase at 101% of principal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101746,"accession_number":"0001493152-26-008849","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-03-04T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Applied Digital guarantees $2.4B design-build contract for 1.2GW power plant; receives 10% equity in Base Electron","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Guarantee covers $2.4B design-build contract with Babcock & Wilcox for 1.2GW power generation facility to support data centers.","Base Electron will issue 10% of its equity to Applied Digital as partial consideration for the guarantee.","Applied Digital may terminate guarantee if Base Electron lists on exchange, raises $50M+, or pays $50-100M fee.","Base Electron is a related-party entity formed by Applied Digital executives and directors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101745,"accession_number":"0001493152-26-008772","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-03-04T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Applied Digital subsidiary prices $2.15B senior secured notes at 6.75% to fund Polaris Forge 2 AI campus","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$2.15B aggregate principal of 6.750% senior secured notes due 2031 priced at 98% of par.","Proceeds to fund 200 MW of critical IT load at Polaris Forge 2 in Harwood, ND, leased to Oracle.","Offering expected to close around March 10, 2026; notes sold under Rule 144A and Regulation S.","Notes fully and unconditionally guaranteed by six subsidiaries; secured by first-priority liens on substantially all assets.","Applied Digital provides completion guarantees to ensure timely completion of Polaris Forge 2 project."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101744,"accession_number":"0001493152-26-008549","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-03-02T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Applied Digital subsidiary proposes $2.15B senior secured notes due 2031 for Polaris Forge 2 development","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["APLD ComputeCo 2 LLC intends to offer $2.15B aggregate principal of senior secured notes due 2031 in private placement.","Net proceeds to fund 200 MW critical IT load at Polaris Forge 2 AI Factory campus in Harwood, ND, currently leased to Oracle.","Notes fully guaranteed by six subsidiaries; secured by first-priority liens on substantially all assets of issuer and guarantors.","Applied Digital will provide completion guarantees to ensure timely completion of the Polaris Forge 2 project.","Offering subject to market conditions; no assurance of timing, terms, or completion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101743,"accession_number":"0001493152-26-006897","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"APLD to contribute cloud unit to Ekso for 97% stake; renamed ChronoScale","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["APLD subsidiary contributes Applied Digital Cloud Corp to Ekso for 138,216,820 shares, representing ~97% of combined equity.","Ekso will rename to ChronoScale Corporation; APLD designees to hold 4 of 7 board seats post-closing.","Closing expected Q2 2026; conditions include stockholder approval, PIPE investment with minimum $15M cash.","Initial APLD board designees: Wes Cummins (Chairman), Jason Zhang, Ella Benson, Richard Nottenburg.","Pre-closing PIPE investment will be dilutive to both Ekso legacy stockholders and APLD's Cloud."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101742,"accession_number":"0001493152-26-005788","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-02-09T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"APLD grants 2.25M PSUs and 750k RSUs to President and CFO tied to hyperscaler contracts and NOI targets","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jason Zhang (President/Co-Founder) receives 1.5M PSUs and 500k RSUs; Saidal Mohmand (CFO) receives 750k PSUs and 250k RSUs.","Zhang PSUs vest on signing contracts for 600 MW then 1.6 GW of data center capacity with investment-grade hyperscalers.","Mohmand PSUs vest on company achieving $1B and $2B trailing-twelve-month NOI targets by February 2031.","RSUs vest over five years (20% at one year, remainder semiannually); grants represent less than 1% of shares outstanding each.","Company cites 214% stock price gain in 2025, 176% revenue growth to $190.8M, and Polaris Forge leases as context."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101741,"accession_number":"0001493152-26-002580","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-01-16T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Applied Digital appoints co-founder Jason Zhang as President, effective immediately","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jason Zhang transitions from Chief Strategy Officer to President and Co-Founder, effective Jan 14, 2026.","Zhang's base salary is set at $700,000, subject to annual review for increases.","He will continue to partner with Chairman and CEO Wes Cummins, focusing on strategic direction.","Zhang led key initiatives including leases for North Dakota Polaris Forge 1 and 2 data centers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101740,"accession_number":"0001493152-26-000974","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-01-08T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Applied Digital grants CEO 4.5M PSUs and 1.5M RSUs; PSUs tied to $50/$75/$100 stock price hurdles","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Granted CEO Wes Cummins 4,500,000 PSUs and 1,500,000 RSUs on Jan 6, 2026; awards replace future equity for five years.","PSUs vest upon 90-day avg closing price ≥$50, $75, $100; each tranche 1.5M shares; no value below $50.","RSUs vest over five years: 300k on 1-yr anniversary, then 150k every six months; full vest on year five.","PSU award ~1.6% of shares outstanding; RSU award ~0.6%; dilution deemed reasonable by Board.","Board rationale: 214% stock return in 2025, hyperscaler leases for 400MW+200MW; long-term alignment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101739,"accession_number":"0001144879-26-000002","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2026-01-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Applied Digital Q2 revenue $126.6M (+250% YoY); secures 600MW hyperscaler leases worth ~$16B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $31.2M ($0.11/sh), down 76% YoY; adjusted net income $0.1M, EBITDA $20.2M.","Leased 400MW to CoreWeave at Polaris Forge 1 (~$11B revenue) and 200MW to a U.S. hyperscaler at Polaris Forge 2 (~$5B).","Completed $2.35B senior secured notes at 9.25% due 2030; drew $900M from Macquarie preferred equity facility.","HPC hosting revenue $85.0M (incl. $73M tenant fit-out); data center hosting $41.6M (+15% YoY).","Plans to spin out Applied Digital Cloud and merge with EKSO Bionics to form ChronoScale, retaining >80% ownership."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":190805000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118061,"accession_number":"0001493152-25-029408","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Applied Digital proposes spin-out of cloud business and combination with EKSO to form ChronoScale","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Applied Digital will spin out its cloud business, Applied Digital Cloud, and combine with EKSO Bionics (Nasdaq: EKSO) to create ChronoScale.","Applied Digital would own ~97% of the combined company; ChronoScale expected to close H1 2026, subject to due diligence and approvals.","Applied Digital Cloud generated ~$75.2M trailing 12-month revenue as of Aug 31, 2025, with strong AI workload demand.","EKSO plans to pursue sale of its current exoskeleton business after the transaction, per CEO Scott Davis.","Transaction is non-binding term sheet; ChronoScale to be purpose-built GPU platform for AI workloads."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118060,"accession_number":"0001493152-25-028791","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-12-22T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Applied Digital secures $100M development loan from Macquarie for AI data centers","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Initial $45M drawn Dec 18, 2025; additional $55M uncommitted second draw available.","Loan bears 8.0% interest, PIK for first 12 months; matures Dec 18, 2027 or earlier if lease signed.","Proceeds fund pre-lease development costs for new AI factory campuses; company in advanced talks with investment-grade hyperscaler.","Loan secured by assets of APLD DevCo and guaranteed by Parent; Macquarie as lender.","Northland Securities and Credit Agricole, RBC, TD, TCBI acted as placement agent and financial advisors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118059,"accession_number":"0001493152-25-025753","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-12-02T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Applied Digital grants 170,000 fully vested RSUs to CSO Jason Zhang","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["170,000 RSUs awarded to Co-Founder & CSO Jason Zhang on Nov 25, 2025.","RSUs are fully vested on the grant date, providing immediate share rights.","Award issued under the company's 2024 Omnibus Equity Incentive Plan.","No changes in director or officer roles; only compensatory arrangement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118058,"accession_number":"0001493152-25-024479","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-11-20T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Applied Digital subsidiary closes $2.35B of 9.25% senior secured notes due 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issuer APLD ComputeCo sold $2.35B notes at 97% of par; 9.25% coupon, maturity Dec 15, 2030.","Proceeds to fund construction of 100MW and 150MW data centers (ELN-02, ELN-03) at Ellendale campus.","Also repays existing February 2025 credit facility with Sumitomo Mitsui Banking Corp.","Parent Applied Digital provides a completion guarantee for the projects.","Notes amortize semi-annually starting Dec 15, 2027; optional redemption at make-whole prior to Dec 2027."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118057,"accession_number":"0001493152-25-022506","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-11-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"APLD ComputeCo prices $2.35B of 9.250% senior secured notes due 2030 at 97%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Net proceeds to fund construction of 100 MW and 150 MW data centers (ELN-02 and ELN-03) at Polaris Forge 1 campus in Ellendale, ND.","$2.35B aggregate principal, 9.250% interest, due 2030; priced at 97% of par.","Proceeds also repay Sumitomo Mitsui Banking Corp credit agreement balance plus accrued interest, fund debt service reserves and transaction costs.","Notes guaranteed by APLD Compute's direct and indirect subsidiaries; secured by first-priority liens on substantially all assets of APLD Compute and guarantors.","Closing expected Nov 20, 2025; private placement to QIBs under Rule 144A and offshore under Reg S."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118056,"accession_number":"0001493152-25-021955","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-11-12T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Applied Digital secures $787.5M Macquarie equity draw and $65M credit facility for AI campus buildout","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Second draw under $5.0B Macquarie equity facility: $787.5M expected by end of November 2025.","$450M allocated to Polaris Forge 2 (Harwood, ND); $337.5M to Polaris Forge 1 (Ellendale, ND) subject to $2.35B notes offering.","Polaris Forge 2 has 200 MW leased to an investment-grade hyperscaler; first right of refusal for additional 800 MW.","New $65M revolving credit with First National Bank of Omaha at SOFR+2.75%, secured by company assets.","First data hall at Polaris Forge 1 achieved Ready-for-Service milestone; both campuses on schedule."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118055,"accession_number":"0001493152-25-021404","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-11-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Applied Digital subsidiary plans $2.35B senior secured notes offering due 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["APLD ComputeCo LLC intends to offer $2.35 billion aggregate principal of senior secured notes due 2030.","Offering is private, to qualified institutional buyers under Rule 144A and non-US persons under Regulation S.","Company released investor presentation slides (Exhibit 99.1) detailing the offering.","Proceeds use is not specified but notes are secured; maturity 2030.","Offering is subject to market conditions and other factors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118054,"accession_number":"0001493152-25-021400","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-11-10T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Applied Digital subsidiary proposes $2.35B senior secured notes due 2030 for data center buildout","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["APLD ComputeCo LLC intends to offer $2.35B of senior secured notes due 2030 in a private offering.","Net proceeds will fund construction of 100 MW and 150 MW data centers (ELN-02 and ELN-03) at Ellendale campus.","Proceeds also repay existing debt under Sumitomo Mitsui Banking Corporation credit agreement and fund Debt Service Reserve.","Applied Digital will provide completion guarantees for the Facilities.","Notes and guarantees secured by first-priority liens on substantially all assets of APLD ComputeCo and its subsidiaries."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118053,"accession_number":"0001144879-25-000095","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["5.02","5.03","5.07","9.01"],"status":"ready","headline":"Applied Digital stockholders approve increase in authorized shares to 600M and equity plan shares to 25M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved amendment to increase equity plan share reserve from 10M to 25M shares.","Certificate of Amendment filed to increase total authorized common stock to 600M shares ($0.001 par value).","All six director nominees elected; each received over 110M votes for.","Ratification of CBIZ CPAs as auditor for FY ending May 31, 2026 approved with 184M votes for.","Advisory vote on executive compensation passed with ~63M for and ~57M against (excluding broker non-votes)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118052,"accession_number":"0001144879-25-000076","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-10-22T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Applied Digital signs $5B AI factory lease with investment-grade hyperscaler for 200MW at Polaris Forge 2","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Lease agreement with U.S. based investment-grade hyperscaler for 200MW of critical IT load at Polaris Forge 2 Campus near Harwood, ND.","Total contracted revenue of approximately $5 billion over estimated 15-year term; hyperscaler has first right of refusal for additional 800MW.","Total leased capacity across Polaris Forge 1 and 2 in North Dakota reaches 600MW with two of the world's largest hyperscalers.","Initial 200MW phase expected to come online in 2026 and reach full capacity in 2027; campus designed for 1GW expansion.","Follows recent milestones: additional 150MW CoreWeave lease and $5B AI infrastructure partnership with Macquarie Asset Management."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118051,"accession_number":"0001493152-25-018800","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["1.01","3.02","5.03","9.01"],"status":"ready","headline":"Applied Digital ups PEPA commitment to $1.59B, expands Series G preferred shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Fourth Amendment to PEPA increases aggregate commitment from $590M to $1.590B.","Authorized Series G Preferred shares raised from 204,000 to 1,030,000.","Max put issuance capped at $75M; one put per 7 business days; max outstanding $75M (waivable).","Original discount increased from 2% to 3%; placement agent fee eliminated; variable rate transactions now permitted.","Floor Price (minimum conversion price) floor raised from $4.33 to $4.48; board may adjust at discretion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118050,"accession_number":"0001493152-25-018464","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-10-17T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Applied Digital raises Series G preferred stock floor price to $34.00 from $22.00","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Filed amendment to Series G Convertible Preferred Stock Certificate of Designations on Oct 14, 2025.","Floor Price increased to $34.00 from $22.00, setting minimum conversion price.","Company retains discretion not to reduce floor price further; amendment effective immediately.","Change may limit future dilution from conversion of Series G preferred stock."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118049,"accession_number":"0001493152-25-017609","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-10-09T23:59:59+00:00","items":["1.01","3.02","8.01","9.01"],"status":"ready","headline":"Applied Digital closes $112.5M initial draw from $5B Macquarie preferred equity facility for Ellendale campus.","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Initial funding of $112.5M from Macquarie Asset Management; total potential investment up to $5B.","Preferred units accrue dividends at 12.75% p.a., with step-ups; minimum 1.80x liquidation preference.","Company issued warrants to purchase 2.4M shares at $8.29, exercisable upon full $450M funding of Polaris Forge 1.","MAM may invest additional $337.5M in tranches; total $450M for first 100MW; further $4.55B for future HPC projects.","Company states no additional equity contributions anticipated for Polaris Forge 1; project financing expected soon."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118048,"accession_number":"0001144879-25-000068","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-10-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Applied Digital Q1 FY2026: revenue $64.2M (+84% YoY), net loss $27.8M; 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reduction remains at company's discretion.","Amendment affects Series G Convertible Preferred Stock originally filed April 30, 2025.","Previous floor was $12.50; change reduces potential dilution at lower conversion rates."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134509,"accession_number":"0001493152-25-013210","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-09-12T23:59:59+00:00","items":["1.01","2.03","3.02","5.03","9.01"],"status":"ready","headline":"APLD secures $50M Macquarie loan for Polaris Forge 2; expands Series G preferred to $450M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["$50M initial draw from Macquarie at 8% interest; up to $25M additional loans available.","Proceeds to fund purchase and improvements of Polaris Forge 2 campus in Harwood, ND plus working capital.","Series G Convertible Preferred commitment raised from $300M to $450M via second amendment to PEPA.","Authorized Series G shares increased from 156,000 to 204,000 to accommodate higher commitment.","Promissory note matures Sept 2027 but accelerates to Feb 2026 if 200MW lease not signed by Oct 31, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134505,"accession_number":"0001641172-25-026412","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K/A","filed_at":"2025-09-03T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Applied Digital enters Building 4 datacenter lease with CoreWeave","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Lease dated August 28, 2025 between APLD ELN-02 C LLC (Applied Digital subsidiary) and CoreWeave, Inc.","Lease covers Building 4 at a campus location; specific financial terms and schedules are redacted.","6 phases of Data Halls (Data Halls 1-6) with target commencement dates and phased delivery.","Tenant permitted use includes placement and operation of computer, switch, and communications equipment for datacenter activity.","Lease includes early access, extension options, and detailed infrastructure specifications (e.g., Electricity Demand Threshold per Data Hall)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134508,"accession_number":"0001493152-25-012458","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-08-29T23:59:59+00:00","items":["1.01","3.02","8.01","9.01"],"status":"ready","headline":"Applied Digital signs third 150MW lease with CoreWeave; total lease revenue now ~$11B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New 150MW lease brings total CoreWeave capacity at Polaris Forge 1 to 400MW; building expected service-ready mid-2027.","Total contract value for the 15-year term is ~$4.0B; total anticipated contracted lease revenue across all three leases ~$11B.","First 100MW building scheduled for Q4 2025; second 150MW building expected operational mid-2026.","Issued CoreWeave warrant for 8,393,611 shares at $10.75 per share; registered under Section 4(a)(2).","Polaris Forge 1 campus planned to scale over 1GW; company estimates $2.7B in savings over 30 years via cooling and renewable power."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134507,"accession_number":"0001641172-25-024438","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-08-15T23:59:59+00:00","items":["1.01","3.02","5.03","9.01"],"status":"ready","headline":"Applied Digital increases Series G preferred equity commitment to $300M, removes put limitation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Commitment amount under Series G preferred equity purchase agreement doubled from $150M to $300M.","Put limitation of $75M per issuance removed, enabling larger capital draws for data center construction.","Conversion floor price raised from $4.25 to $12.50; floor price limit increased to $4.33.","Proceeds will fund continued construction of Polaris Forge I data center in Ellendale, North Dakota."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134506,"accession_number":"0001144879-25-000019","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-07-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Applied Digital Q4 rev up 41%, signs $7B CoreWeave leases; post-Q adds $4B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $38M (+41% YoY); net loss $26.6M ($0.12/sh) vs $35.3M loss prior year.","Signed 250MW AI data center leases with CoreWeave (~$7B over 15 years); post-Q option for 150MW ($4B more).","Adjusted EBITDA $1.0M (vs -$0.2M); adjusted net loss $7.6M ($0.03/sh).","Full year revenue $144.2M (+6%); net loss $161.0M ($0.80/sh) vs $74.0M prior year.","Post-quarter raised $268.9M via stock and preferred sales; cash $120.9M, debt $688.2M."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.16,"consensus_revenue_estimate":null,"consensus_revenue_actual":144193000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151348,"accession_number":"0001641172-25-015732","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Applied Digital replaces auditor Marcum with CBIZ CPAs after firm acquisition","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Marcum resigned June 18, 2025; Audit Committee approved CBIZ CPAs as successor for FY ending May 31, 2025.","CBIZ acquired Marcum's attest business effective Nov 1, 2024, triggering the change.","Prior audit reports for FY 2024 and 2023 were unqualified; no disagreements or reportable events except a previously disclosed material weakness.","No prior consultations with CBIZ on accounting principles or audit opinions before engagement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151347,"accession_number":"0001641172-25-013199","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-06-02T23:59:59+00:00","items":["1.01","3.02","7.01","8.01","9.01"],"status":"ready","headline":"Applied Digital signs 250MW data center leases with CoreWeave for ~$7B total revenue","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Two 15-year leases for 250 MW (100 MW Building 2 + 150 MW Building 3) at Ellendale, ND campus; total contract value ~$7B.","Building 2 ready for service Q4 2025; Building 3 mid-2026; CoreWeave option for additional 150 MW (planned 2027).","Issued CoreWeave warrant for 13,062,521 shares at $7.19; may issue additional warrants under Letter Agreement.","Targets up to $200M ATM offering of common stock to fund growth, starting as early as week of June 2, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151346,"accession_number":"0001641172-25-013087","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-05-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Applied Digital classifies Cloud Services Business as held for sale, pro forma shows improved continuing ops net loss","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved sale negotiation Feb 2025; segment held for sale as of April 10, 2025.","Pro forma nine months Feb 2025: removes $71.3M revenue and $55.4M discontinued ops net loss.","Pro forma FY2024: continuing ops net loss improves from -$149.7M to -$74.4M, removing $75.3M loss.","Company to report Cloud Services as discontinued operations starting Q4 FY2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151345,"accession_number":"0001641172-25-008007","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-05-01T23:59:59+00:00","items":["1.01","5.03","1.02","3.02","8.01","9.01"],"status":"ready","headline":"Applied Digital enters $150M convertible preferred facility to fund Ellendale HPC campus","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Up to $150M Series G convertible preferred; 4% original issue discount; no dividends; 36-month term.","Company has sole discretion to draw in $25M increments; no minimum commitment or penalties for non-use.","Conversion price = greater of 95% of 5-day VWAP floor and $4.25 initial floor (can be reduced to $1.34).","Proceeds to fund development of Ellendale HPC Campus and for general corporate purposes.","Terminated prior Standby Equity Purchase Agreement with YA II PN effective May 7, 2025; no early termination penalties."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151342,"accession_number":"0001641172-25-005250","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K/A","filed_at":"2025-04-17T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Applied Digital grants 2.445M PSUs to three executives with milestones tied to data center performance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["1.6M PSUs to CEO Wes Cummins, 245k to CFO Saidal Mohmand, 600k to Laura Laltrello under 2024 Omnibus Plan.","Vesting requires: Building 02 achieving >$20M net operating income for 2 quarters OR hyperscaler lease for 200+ MW.","Additional vesting condition: Building 03 reaching ready-for-service date; Laltrello also must keep opex <$34.50/kWm over 12 months.","PSUs expire Dec 31, 2027 if conditions unmet; full acceleration on change of control.","Amendment updates prior 8-K; executives executed awards in April 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151344,"accession_number":"0001628280-25-017683","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-04-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Applied Digital Q3 revenue up 22% to $52.9M, net loss widens; board approves sale of Cloud Services","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $52.9M (+22% YoY); net loss $36.1M ($0.16/sh) vs $62.8M loss prior year.","Adjusted EBITDA positive $10.0M vs loss of $1.3M YoY; adjusted net loss $17.8M ($0.08/sh).","Board approved plan to sell Cloud Services Business on April 10, 2025.","Closed $375M SMBC financing; used proceeds to repay Macquarie promissory note.","Laura Laltrello appointed COO; Ellendale HPC construction on schedule for H2 2025."],"consensus_eps_estimate":-0.1352,"consensus_eps_actual":-0.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":177493000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151343,"accession_number":"0001641172-25-002407","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K","filed_at":"2025-04-02T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Applied Digital grants PSUs to CEO, CFO, and COO (2.445M shares total)","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Wes Cummins received 1,600,000 PSUs; CFO Saidal Mohmand 245,000; COO Laura Laltrello 600,000.","Awards are under the 2024 Omnibus Equity Incentive Plan with performance-based vesting conditions.","Form 8-K/A will follow once award agreements are executed.","No cash compensation changes disclosed; awards are subject to performance targets not yet specified."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":14197030180.00817,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170238,"accession_number":"0001493152-25-007903","cik":1144879,"company_name":"Applied Digital Corp.","ticker":"APLD","form_type":"8-K/A","filed_at":"2025-02-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Applied Digital discloses terms of CAO transition and CTO separation agreements","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Rench transitions to consultant; 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