Applied Digital Corporation (NASDAQ:APLD) will release earnings results for the first quarter, after the closing bell on Thursday, Oct. 9.
Analysts expect the Dallas, Texas-based company to report a quarterly loss at 16 cents per share, versus a year-ago loss of 15 cents per share. Applied Digital projects quarterly revenue of $45.46 million, compared to $60.70 million a year earlier, according to data from Benzinga Pro.
On Aug. 18, Applied Digital announced plans to break ground in September on a $3 billion AI data campus in Harwood, North Dakota. The site, named Polaris Forge 2, will be a 280-megawatt facility designed to scale beyond its initial capacity, with operations beginning in 2026 and …