Overview
- Applied Digital reported fiscal Q2 revenue of about $126.6 million and EPS of $0, topping estimates that called for $89.8 million and a 10‑cent loss.
- Shares rose in extended trading after the report, with moves cited around 5% to 7% as investors reacted to the upside surprise.
- The company said it now has leases with two hyperscalers in North Dakota, including a reported $5 billion, 200 MW agreement at the Polaris Forge 2 campus.
- CoreWeave expanded its Ellendale lease to 400 MW in 2025, lifting the contract value to roughly $11 billion over 15 years and supporting multi‑year revenue visibility.
- Management is progressing the ChronoScale carve‑out via a merger with Ekso Bionics with Applied retaining about 97% ownership, while a Macquarie development facility supports new AI campus construction and pre‑lease work.