Applied Digital Expands Capital for Data Center Project

The latest update is out from Applied Digital Corporation ( (APLD) ).

On August 14, 2025, Applied Digital Corporation amended its preferred equity purchase agreement to increase its capital access for the development of its Polaris Forge I data center in North Dakota. The amendment raises the commitment for Series G Convertible Preferred Stock from $150 million to $300 million and removes previous capital limitations, enhancing the company’s financial flexibility for its ongoing projects.

The most recent analyst rating on (APLD) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.

Spark’s Take on APLD Stock

According to Spark, TipRanks’ AI Analyst, APLD is a Neutral.

Applied Digital Corporation’s overall stock score reflects significant financial challenges and valuation concerns, balanced by strong technical momentum and growth potential indicated in the recent earnings call. While the company shows promising expansion plans and revenue growth, it must address high leverage and cash flow issues to improve its financial health.

To see Spark’s full report on APLD stock, click here.

More about Applied Digital Corporation

Applied Digital Corporation operates in the technology industry, focusing on the construction and development of data centers.

Average Trading Volume: 50,737,399

Technical Sentiment Signal: Buy

Current Market Cap: $3.81B

For an in-depth examination of APLD stock, go to TipRanks’ Overview page.