secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0001144879-26-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital Q2 revenue $126.6M (+250% YoY); secures 600MW hyperscaler leases worth ~$16B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000002/0001144879-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000002/apld-20260107.htm
  HTML page:      https://secwatch.observer/filing/0001144879-26-000002

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