Despite a significant net loss, Applied Digital Corp (APLD) reports a 51% revenue increase and announces a transformative partnership with Macquarie Asset Management.
Applied Digital's second-quarter fiscal 2025 results are likely to benefit from an expanding data center capacity. However, stretched valuation is a concern.
Total revenues in the fiscal second quarter 2025 were $63.9 million, up 51% from the fiscal second quarter 2024. The growth was primarily driven by the continued expansion of the Company’s Cloud ...