Why did APLD stock move after Applied Digital earnings?

Revenue rose 250% to US$126.6 million with US$20.2 million in adjusted EBITDA, plus 100MW energized at Polaris Forge 1. Management also highlighted 600MW of long-term leases and a US$5 billion hyperscaler deal. These factors improved visibility, which often drives re‑rating in growth infrastructure names.

What is the $5B hyperscaler deal and how does it relate to the CoreWeave lease?

The US$5 billion agreement refers to a multi‑year capacity commitment from a large hyperscaler, adding revenue visibility to Applied Digital’s hosting pipeline. The CoreWeave lease is another anchor relationship. Together they support the 600MW lease base and help justify continued buildouts, subject to execution and power costs.

How might the ChronoScale spin‑out affect APLD stock?

A successful spin‑out could separate a higher‑margin cloud unit from capital‑intensive hosting, improving transparency and potential valuation. It may also broaden financing options. Execution and customer traction will determine value. Watch timelines, governance, and whether the carve‑out reduces dilution while sustaining growth funding.

What should Canadian investors monitor over the next quarter?

Track energization milestones, new lease announcements, and updates on debt costs. Review power pass‑through terms in contracts, since electricity pricing affects margins. Also watch customer concentration risks and the cadence of Applied Digital earnings updates for signs that utilization and cash conversion are improving.

Global Market Insights

APLD Stock Today: January 08 – Revenue Triples, $5B Hyperscaler Deal

ByHuzaifa Zahoor January 8, 2026January 8, 2026

APLD stock is in focus today after Applied Digital’s fiscal Q2 results showed revenue up 250% to US$126.6 million and adjusted EBITDA of US$20.2 million. Management energized 100MW at Polaris Forge 1 and expanded long-term hyperscaler leases to 600MW, tied to about US$16 billion in prospective revenue. A prior US$5 billion hyperscaler deal and a planned ChronoScale spin-out add catalysts. For Canadian investors watching AI data centers, power pricing, funding costs, and build timelines will shape upside for APLD stock in 2026.