🔹 Adj EPS: -$0.06 (Est. -$0.05) 😑
🔹 Revenue: $63.9M (Est. $63.4M) 🟢; UP +51% YoY
🔹 Adj Net Loss: $12.6M
🔹 Adj EBITDA: $21.4M (Est. $20.9M) 🟢; UP +93% YoY
Operational Updates:
🔹 Cloud Services Revenue: $27.7M; UP +523% YoY
🔹 Data Center Hosting Revenue: $36.2M
Key Developments:
🔸 Secured a $5B perpetual preferred equity financing facility with Macquarie Asset Management for its HPC business.
🔸 Energized the main substation transformer at the Ellendale, ND HPC data center.
🔸 Won the DCD Community Impact Award for the Ellendale Community Development Initiative.
CEO Wes Cummins Commentary:
🔸 "We are well-positioned to meet the growing demand for power and data centers, fueled by the rapid expansion of hyperscale data centers and AI workloads. Our strategic investments and partnerships validate our approach and enhance shareholder value."
Shareholder Returns and Investments:
🔹 Completed a $450M offering of 2.75% Convertible Senior Notes, with net proceeds allocated to share repurchases and general corporate purposes.
🔹 Raised $150M in senior secured debt financing through APLD ELN-02 Holdings LLC.