Applied Digital Corp. APLD

What this company does

Applied Digital Corporation is a U.S.-based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence, machine learning, and other accelerated-compute applications. As of May 31, 2026, it employed approximately 256 full-time employees across various departments, including design, engineering, IT, operations, construction, administration, finance, and marketing. It conducts its business through two reportable segments, its HPC data center hosting business and its blockchain data center hosting business. As of May 31, 2026, it had executed long-term leases representing approximately 1,410 MW of contracted critical IT load across five campuses, representing approximately $36.2 billion of total contracted revenue over the initial 15-year base lease terms. It operates hosting sites in Jamestown, North Dakota, a 106 MW facility, and Ellendale, North Dakota, a 180 MW facility, representing total hosting capacity of approximately 286 MW.

Written from the business description in Applied Digital Corporation's annual report to the U.S. Securities and Exchange Commission, filed 29 July 2026. Every sentence was checked against that document before publication.