Overview
- The stock climbed about 17% over the past week ahead of fiscal Q2 2026 results set for Jan. 7, followed by a conference call.
- Applied Digital is carving out its cloud business via a merger with Ekso Bionics to form ChronoScale, with Applied retaining roughly 97% ownership.
- The company disclosed long-term AI data-center leases totaling roughly $16 billion over 15 years, including agreements with CoreWeave.
- A new Macquarie loan facility will fund pre-lease development, with an initial $100 million draw planned to accelerate campus buildouts.
- Wall Street models revenue of about $297 million for fiscal 2025 and $552 million for 2026 as demand for GPU-optimized capacity expands.