Applied Blockchain, Inc. is engaged in crypto mining and co-hosting operations. The company is headquartered in Dallas, Texas.
| Revenue (TTM) | $872.25M |
| Gross Profit (TTM) | $188.80M |
| EBITDA | $-124.13M |
| Operating Margin | -18.20% |
| Return on Equity | -13.60% |
| Return on Assets | -2.03% |
| Revenue/Share (TTM) | $3.07 |
| Book Value | $5.39 |
| Price-to-Book | 4.51 |
| Price-to-Sales (TTM) | 7.07 |
| EV/Revenue | 18.4 |
| EV/EBITDA | -7.43 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 322.40% |
| Shares Outstanding | $302.39M |
| Float | $261.39M |
| % Insiders | 7.61% |
| % Institutions | 73.65% |
Volatility is currently contracting
Investors are souring on leveraged AI data center developers again. Applied Digital (NASDAQ:APLD) stock has fallen 4%, recently trading around $19.59, extending a rotation out of highly valued, debt-heavy AI infrastructure stocks.
Data center developers that borrow heavily to build ahead of their rent checks are under pressure as financing costs draw fresh scrutiny. Cipher Digital (NASDAQ:CIFR) stock is down 9% to $9.02, leading the decline.
Cipher Digital (NASDAQ:CIFR) shares are trading at $10.72, down 5%, after the artificial intelligence (AI) data center developer priced a large zero-interest convertible note sale.
A fresh financing package is weighing heavily on Cipher Digital (NASDAQ:CIFR), a data center developer racing to build campuses for hyperscale tenants. Cipher Digital stock is down 14% to $11.
Applied Digital's soaring AI infrastructure revenues and $36B in contracts signal growth, but widening losses and heavy debt cloud its outlook.
One builds the AI factories, the other makes the chips that power them, yet the market is rewarding only one while punishing the other. Understanding why reveals a deeper split in how investors are valuing the infrastructure boom right now.
Securing gigawatt-scale power assets is one of the biggest bottlenecks for global artificial intelligence (AI) infrastructure, and the market may be mispricing the solution. Advanced computing hardware no longer represents the main obstacle for major technology sector companies; instead, access to reliable sovereign energy has taken its place.
Applied Digital has shed more than half its value from its peak, yet analysts keep piling on buy ratings with targets that sit above where the stock was trading at its best.
It may be hard to imagine Applied Digital NASDAQ: APLD as having a moat, but it does: regulatory hurdles and local pushback. While many hyperscale projects are stalling or delayed, Applied Digital's projects are underway and advancing, aided by favorable conditions in the territories where it operates.
I am reiterating Applied Digital (APLD) as a Strong Buy with a $70 price target. Q1 2027 results showed 322% revenue growth to $341.9M, with base rent at $65.8M and adjusted EBITDA surging to $64.4M. APLD expects to bring over 600MW online in the next 12 months, materially boosting recurring revenue and demonstrating operating leverage.
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on APLD and any ticker you trade — then tracks every position and per-strategy win rate.
