We recently published 10 Firms in the Limelight. Applied Digital Corp. (NASDAQ:APLD) is one of the best performers on Friday.
Applied Digital extended its winning streak to a second day on Friday, surging 16.53 percent to close at $27.85 apiece as investors loaded positions early ahead of the results of its earnings performance.
In an update on Thursday, Applied Digital Corp. (NASDAQ:APLD) said that it would announce the results of its second quarter earnings performance for the fiscal year 2026 after market close on Jan. 7, 2026. An investor call will be held to elaborate on the results.
In other news this week, Applied Digital Corp. (NASDAQ:APLD) announced the successful raising of $100 million in fresh funds from a term loan facility with Macquarie Group’s Commodities and Global Markets business.
Proceeds from the facility will be used for the pre-lease development of new data center projects.
“This development facility strengthens our ability to move quickly on high-quality sites while maintaining capital flexibility,” said Applied Digital Corp. (NASDAQ:APLD) Chairman and CEO Wes Cummins.
In line with the development, Applied Digital Corp. (NASDAQ:APLD) is also underway with negotiations with another investment-grade hyperscaler for the potential lease of its several campuses.
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Disclosure: None. This article is originally published at Insider Monkey.
