Overview
- Applied Digital entered a development loan facility with Macquarie’s Commodities & Global Markets unit and plans an initial $100 million draw to fund pre-lease work on new campuses.
- The company carved out its cloud compute operations via a merger with Ekso Bionics to form ChronoScale, which will focus on accelerated AI compute, with Applied retaining roughly 97% ownership.
- Shares jumped 14.64% to $28.11 on Friday, marking a second straight day of gains as investors returned to AI infrastructure names.
- Wall Street projects revenue of about $552 million in 2026 versus an estimated $297 million for 2025, reflecting expectations for continued expansion.
- Coverage highlights substantial capital needs to build GPU-optimized data centers, raising execution and financing risks despite strong demand.