Welcome to the Applied Digital APLD Daily Discussion Thread
House rules:
Had some long dated calls that have been getting smoked for a while.
Bought weeklies on Friday. That was not a good idea.
DCA’d again today because at this point fuck it.
What do I know about APLD? Not much. AI data centers, a lot of debt, and enough volatility to either save me or finish the job.
That’s basically the DD.
Good earnings + good guidance = we fly.
Bad earnings = I lose more money. Very possible.
If it drops more before Wednesday I’m buying more. I’ll keep averaging down until it works. At this point, why the fuck not?
Anyone who tuned in, can you fill us in?
Fiscal First Quarter 2027 Financial Highlights
Revenues: $341.9 million, up 322% from the prior year comparable period
Net loss attributable to common stockholders: $221.0 million
Net loss attributable to common stockholders per basic and diluted share:$0.76
Adjusted revenue: $300.4 million
Adjusted net loss: $4.1 million
Adjusted net loss per diluted share: $0.01
Adjusted EBITDA: $64.4 million
Net Operating Income: $58.8 million
APLD holder since around $15. I'm looking to add to my position, and ~$25 looks like a great entry price considering what's coming down the pipeline. However, both here and in other investing subs the sentiment on APLD is quite negative lately. Why is this? Does it entirely relate to their debt levels? Are people expecting bad news at earnings?
I wanted to understand everyone’s expectations for earnings this week. I’m thinking about adding calls with the discount today, and I also own a fairly large amount of shares.
Highlights:
Expected 250 megawatts of expansion leases to be executed by calendar year end at materially higher pricing (15%+) and potentially longer durations compared to prior leases.
Agreement with Base Electron that covers an approximately 1,200-megawatt natural gas facility adjacent to PF3 with deliveries expected to begin in 2030.
Expected 300 megawatts of total critical IT online across North Dakota by the end of this calendar year (first 50MW at PF2).
Same framework for future funding: preferred equity from Macquarie Asset Management followed by project-level debt, which allows Applied Digital shareholders to retain a majority ownership stake in each site.
Chasing flexible financing so they can immediately refinance after construction with minimal penalties.
Finland build cost will be similar, but longer delivery times due to regulations. First 100MW available in 2028 and will ramp up to 1GW till 2031. Macquarie deal is limited to NA.
They think they can ramp up construction to have 2GW live by the end of 2028, possibly delivering 1GW per year in 29/30.
Chronoscale will significantly increase capacity but that will be outside of the large-scale APLD sites for the coming years. APLD remains focussed on large scale hyperscalers contracts, but use their knowledge base to help secure capacity for Chronoscale.
The new Chronoscale website is only and it is mind-blowing. Eight sites, three continents, up to nearly 3 GW critical IT load (at least 2 HW compute) possible until 2031 possible. And what is even more interesting: The sites align with APLDs plans in ND, Alabama and Finland. So the playbook gets a bit clearer. I expect that APLD will continue to partly lease to hyperscalers to secure affordable capital, but will lease out the surplus to Chronoscale. According to my calculations, APLD will have 4 GW live in 2031. If 1-1.5 GW of these are leased to Chronoscale, we will be able to collect the HPC premium, which at one point leads to a major rerating. I'm looking forward to today's ER.
Recent delays at large Oracle-related data center projects made me realize that the scarce resource in AI infrastructure is no longer just land, power, or contracts. It is the ability to deliver MW on time. AI companies do not just need “1GW someday.” They need to know whether 100MW or 200MW will actually be RFS in a specific quarter so GPUs can be deployed immediately. That makes planned MW very different from proven, deliverable MW. APLD has already delivered 250MW and now expects to bring more than 600MW online over the next 12 months. If it keeps meeting schedules, the market may eventually view APLD less as a data center developer and more as a platform that can repeatedly produce scarce, usable AI capacity. That should improve pricing power, lease terms, and potentially financing costs. Another reason I watch APLD closely is CEO Wes Cummins’ background in technology investing, capital markets, and asset management. My long-term guess is that if APLD reaches multi-GW scale, it may increasingly use outside capital rather than funding everything from its own balance sheet: infrastructure funds, strategic AI investors, project-level JVs, tenant-backed financing, or even sovereign capital. The model could become simple: APLD develops and delivers.AI customers sign long-term leases.Large capital funds expansion.Then the model gets replicated across more campuses. For me, the two key questions are now: Can APLD keep delivering on time?Can it use capital markets to scale faster once the platform is proven? If both happen, APLD could become much more than just a data center landlord.
Welcome to the Applied Digital APLD Daily Discussion Thread
House rules:
Welcome to the Applied Digital APLD Daily Discussion Thread
House rules:
I recently bought 500 stocks in average of 24,95, I was happy with today’s gains but I just stopped watching the chart and ate something and in a couple hours all gains are evaporated, is this a good sign? Normal behavior? Really is a huge rug pull of almost 7% in just a few hours, should i hold or wait?
Question in the title, I have been keeping an eye on this stock for over couple of months I've seen it peak to around 50 and felt bad for not investing when I discovered it. But zooming out on a chart seems to be pretty stagnant price.
So how is everyones feeling towards next week, do you expect price to drop or raise? Feels risky to buy before earnings but I would love opinion from people who invested in this and kept following news.
Thank you.
Welcome to the Applied Digital APLD Daily Discussion Thread
House rules:
$APLD Encouraging details on Delta Forge 2, where the tenant is $META, from the Brookwood town hall.
Management expects 12 to 16 months of construction for the 210 MW campus and outlined the investment split: roughly $800M from the tenant (which we now know is $META from the public filings) and just under $2.5B from $APLD
Permit applications have been submitted and are under city review. Power would come from a nearby substation, with APLD paying for the improvements needed to serve the site.
As expected, community opposition was
insignificant and more than half of the hundreds of seats in this meeting for the public were empty.
This gives us a clearer picture of the construction plan, investment and power arrangements. Approvals from this town that is supportive of the project are still pending, but this article does not confirm a delay or announce a revised operating date.
Source: Tuscaloosa Thread, Oct. 2, 2026:
https://tuscaloosathread.com/applied-digital-brookwood-town-hall/
