Applied Digital reports fiscal Q1 2027 results
Revenue surged 322% to $341.9 million. The company secured a $5.2 billion lease and expanded its footprint into Finland.
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Digital infrastructure provider for AI and hyperscale computing
applieddigital.comLast updated
In short: Applied Digital faced financing hurdles despite a Harwood vote protecting its data-center project.
Revenue surged 322% to $341.9 million. The company secured a $5.2 billion lease and expanded its footprint into Finland.
This facility expansion supports the company's growing infrastructure demands for artificial intelligence workloads in the region.
The collaboration installs fifty megawatts of AI compute capacity across North America using advanced NVIDIA systems and liquid cooling.
The company achieved $258.7 million in revenue, a 407% increase year-over-year. It also signed three long-term leases totaling approximately $20 billion with a hyperscaler.
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