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Applied Digital Partners with ABB to Boost AI Data Center Efficiency

Jun 13, 2025 (1 days ago)
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Applied Digital (APLD) has partnered with ABB to enhance AI data center efficiency, aligning with its strategic focus on energy optimization and revenue growth.

Partnership with ABB for AI Data Center Efficiency

  • Applied Digital has partnered with ABB to improve energy efficiency and power density in AI data centers, key for future revenue growth and margin improvement1
  • This collaboration supports APLD's strategic shift toward enhancing energy efficiency, a critical factor in its business strategy2

Revenue and Earnings Performance

  • APLD reported $52.92 million in quarterly revenue, missing the consensus estimate of $62.91 million3
  • The company posted an EPS of ($0.16), below the expected ($0.11), indicating a $0.05 miss3

Insider Transactions and Ownership

  • Director Rachel H. Leesold sold 24,212 shares at $7.00 each, totaling $169,484, reflecting insider activity4
  • Institutional investors hold 65.67% of APLD's stock, showing significant institutional interest5

Business Operations and Services

  • APLD operates data centers in North America, offering digital infrastructure for high-performance computing and AI services6
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