Applied Digital

Dallas, United States Founded: 2021 • Age: 5 yrs
Next-generation datacenters are operated for AI and high-performance computing.
Annual revenue $144.2M Latest available
Total funding - 2 rounds
Employees 205 Tracked headcount
Investors - Known backers
Products 2 Services tracked
Competitors 9 Brand Intelligence

About Applied Digital

Applied Digital is a company based in Dallas (United States) founded in 2021 by Jason Zhang and Wes Cummins. The company has 205 employees as of May 31, 2024. Applied Digital offers products and services including Data Center Solutions and Applied Digital Cloud. Applied Digital operates in a competitive market with competitors including Equinix, DataBank, 365 Data Centers, Interxion and Cologix, among others.

  • Headquarter Dallas, United States
  • Employees 205 as on 31 May, 2024
  • Founders Jason Zhang, Wes Cummins
  • Stage Public
  • Sectors
    Technology
  • Email
    Locked
  • Phone
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  • Website
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  • Social
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  • Legal Name Applied Digital Corporation
Operational Areas
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Technology → Cloud, Data & Analytics Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $144.19 M (USD)
    5.54
    as on May 31, 2024
  • Net Profit
    -$231.06 M (USD)
    -54.79
    as on May 31, 2024
  • EBITDA
    -$23.03 M (USD)
    -458.67
    as on May 31, 2024
  • Latest Funding Round
    $112.5 M (USD), Post-IPO

    Oct 07, 2025

  • Investors
    Not available
  • Employee Count
    205

    as on May 31, 2024

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IPO & Listings of Applied Digital

Applied Digital is a publicly listed company on the NASDAQ with ticker symbol APLD in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: NASDAQ · Ticker: APLD · Sector: Technology services · USA

Products & Services of Applied Digital

Applied Digital offers a comprehensive portfolio of products and services, including Data Center Solutions and Applied Digital Cloud.

Product name locked
Category locked
Primary

Purpose-built centers for AI and HPC with efficient cooling.

Product name locked
Category locked
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Provides GPU-as-a-Service for AI, ML, and rendering tasks.

People of Applied Digital

Headcount 50-200
Employee Profiles 24
Employee Profiles
People
Rahim Charania
Director Of HPC
People
Wes Cummins
CEO
People
Chris Rankin
Senior Manager, Network Engineering & Support
People
A Hussain
Director Of IT

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Funding Insights of Applied Digital

Investments & Acquisitions by Applied Digital

Investments
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Investment portfolio details for Applied Digital

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  • Portfolio identities
  • Transaction dates
  • Round details
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Financial Statements - Applied Digital

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Detailed financials for Applied Digital

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Applied Digital Comparisons

Applied Digital Primary company
Description
Next-generation datacenters are operated for AI and high-per...
Location
Dallas, United States
Founded Year
2021
Annual Revenue
$144.19 M (USD)
Net Profit
-$231.06 M (USD)
EBITDA
-$23.03 M (USD)
Employees
205
As of 2024
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Peer comparison for Applied Digital

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Competitors of Applied Digital

Applied Digital operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Equinix, DataBank, 365 Data Centers, Interxion and Cologix, among others.

Company Name Domain Founded year HQ Location Description
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Provider of colocation data center services
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Data center colocation solutions are offered by DataBank.
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Data center colocation services are operated across 14 US locations.
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Platform offering data center colocation solution
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Data center colocation and management solutions are offered.
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Decentralized peer-to-peer video delivery is enabled through token rewards.
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Detailed competitors of Applied Digital

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Latest news on Applied Digital

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Complete news archive for Applied Digital

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Frequently Asked Questions about Applied Digital

Applied Digital was founded in 2021 and raised its 1st funding round 3 years after it was founded.

Applied Digital is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.

Wes Cummins is the current CEO of Applied Digital. They have also founded this company.

As of May 31, 2024, the latest employee count at Applied Digital is 205.

Annual revenue of Applied Digital is $144.19M as on May 31, 2024.

Applied Digital was founded in 2021 and is based in Dallas, United States. Digital infrastructure solutions are delivered through next-generation datacenters. High-performance computing, artificial intelligence, and data-intensive applications are supported by these operations. The company functions within the technology sector, with a focus on datacenter services across the US. Core activities emphasize reliable infrastructure for intensive data needs.

Applied Digital's top competitors include Equinix, DataBank and 365 Data Centers.

Applied Digital offers Data Center Solutions and Applied Digital Cloud.

Yes, Applied Digital is publicly traded on NASDAQ under the ticker symbol APLD.

The ticker symbol of Applied Digital is APLD on NASDAQ.

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