
Applied Digital Expands AI Data-Center Buildout as Q3 Revenue Climbs
Applied Digital posted Q3 2026 revenue of $126.6M (up 139% YoY) with a net loss of $100.9M; adjusted revenue was $108.6M and adjusted EBITDA $44.1M. The company advanced its Delta Forge and Polaris Forge campuses, secured a $100M Macquarie DevCo facility, and completed a $2.15B private notes offering to fund Polaris Forge 2. It restructured leases with CoreWeave for stronger debt security and announced a cloud-business merger with EKSO Bionics to form ChronoScale, targeting long-term NOI growth toward $1B. HPC hosting and Data Center Hosting drove growth, with cash of about $2.1B and total debt of $2.7B.




