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Posted by
Two Blokes Apr 17 -
Filed in
Stock
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Applied Digital has pivoted from cryptocurrency mining solutions to providing digital infrastructure, focusing on a massive AI-first data center in Ellendale, North Dakota. Despite delays in securing hyperscale customers, APLD's solid financials and positive adjusted EBITDA indicate strong liquidity and solvency. The Ellendale project, funded by significant Capex and debt, is expected to drive future revenue and EPS growth, making APLD a compelling investment.
