Applied Digital Corp.

Applied Digital Corporation designs, develops, builds, and operates large-scale, purpose-built data centers tailored for high-performance computing, artificial intelligence, and accelerated-compute applications. The company operates through two reportable segments: its High-Performance Computing Hosting Business and its legacy Data Center Hosting Business. Under its primary hosting model, it provides high-density computing capacity and data center infrastructure under long-term leases to investment-grade hyperscalers and specialized compute clients. Additionally, the company owns a majority stake in ChronoScale Holdings Corporation, which provides cloud services to machine learning and artificial intelligence developers across third-party co-location centers.

The company operates and develops five main high-performance computing data center campuses situated across northern and southern United States regions, specifically including sites in Ellendale and Harwood, North Dakota. In addition, it runs two legacy data center hosting facilities in Jamestown and Ellendale, North Dakota, while its cloud services business operates across Colorado, Minnesota, and Utah. Applied Digital is headquartered in Dallas, Texas.

Summary of the business section of Applied Digital's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of May 31, 2026 , we employed approximately 256 full-time employees across various departments, including design, engineering, IT, operations, construction, administration, finance, and marketing.”