Cloud Infrastructure
Applied Digital
30-Second Executive Brief
Executive Assessment
Applied Digital functions as a regional institution within Cloud Infrastructure, backed by 0% sourcing coverage, though its relative influence is cooling.
- Maintains 2 mapped relationships across the graph
- 0% sourcing coverage across sourced relationships
- Tracked as regional institution within the Cloud Infrastructure category
Executive Snapshot
- Strategic Role
- Regional Institution
- Sourcing Coverage
- 0%
- Ecosystem Influence
- Moderate
- Strategic Momentum
- Decelerating
View Methodology →
Computed live from this entity's own relationships and evidence: how many relationships carry at least one linked citation, weighted with citation recency and source type — independent of Strategic Importance, and not a prediction. Not a hand-typed number; recalculated on every read.
Coverage
- Mapped Relationships
- 2
- Technology Domains
- 3
Strategic Implications
- Central node connecting multiple strategic ecosystems
- Directly influences technology and capital flows
- Material relevance to downstream dependency mapping
Top Opportunities
Top Risks
Critical Dependencies
An AI infrastructure and data center company providing high-performance computing capacity, part of the same emerging 'neocloud' category as CoreWeave, IREN, and Nebius that has grown rapidly to meet AI compute demand outside the traditional hyperscalers. Applied Digital reported fiscal Q4 2026 revenue of $258.7 million (up 407% year-over-year), full-year FY2026 revenue of $611.3 million, and now has roughly $36 billion in contracted AI data center revenue across ~1.4 GW of capacity, including an $11 billion CoreWeave lease for Polaris Forge 1 and a $5 billion hyperscaler lease for Polaris Forge 2, while building five multibillion-dollar 'AI Factory' campuses for two hyperscalers and CoreWeave.
Leading Indicators
Hiring and patent filing trends — the underlying numbers Momentum is computed from. Insider filing activity is tracked separately under Sources below.
Sources
Every claim traced to a primary source — evidence, recent activity, and insider filing behavior, all in one place.
Evidence
3 sources · 1 government/SEC filing
- U.S. Securities and Exchange Commission (EDGAR) — Applied Digital Corp. FY2025 Annual Report (Form 10-K), filed with the SECgovernment
- Applied Digital investor relations / Q3 FY2026 earnings release — Applied Digital Q3 FY2026 revenue surges 139% to $126.6M on AI hosting demandmarket-data
- Alpha Spread (Applied Digital Q3 FY2026 earnings recap) — Applied Digital signs 200MW hyperscaler lease for Polaris Forge 2 as first campus hits full capacitymarket-data
Latest Activity
- FilingApplied Digital filed an 8-K (items 2.02,9.01)8-K
- FilingApplied Digital filed an 8-K (items 1.01,2.03,3.02,9.01)8-K
- FilingApplied Digital insider selling — $2,640,615 saleForm 4
- FilingApplied Digital insider selling — $17,244,744 saleForm 4
- FilingApplied Digital insider selling — $6,466,779 saleForm 4
- FilingApplied Digital insider selling — $7,138,930 saleForm 4
Insider Filing Activity
Counts filing frequency only — transaction direction/size wasn't parseable from the sampled filings · sourced from SEC EDGAR · as of Sep 7, 2026
Acquisition & Investment Fit
AI-reasoned, generated only from entities already in InsightNodes's own graph — a hypothetical strategic-fit exercise, not real M&A intelligence or a signal that any deal is planned or in progress.
Relationship Map
The relationships surrounding Applied Digital — ownership, dependencies, regulation, technology and market context. Click any node to make it the new center, 2 levels deep.
Connection type
Click any node to make it the new center. Scroll to zoom, drag to pan.
The Story So Far (last 6 months)
Auto-generated from this entity's dated milestones, relationship updates, and sourced evidence — not AI-written, just sorted.
Applied Digital's Timeline
A sourced, dated history of Applied Digital's key moments — founding to present.
Jun 2026 · Q4/FY2026 results: revenue up 407%, $36B in contracted AI data center revenue
Applied Digital reported fiscal Q4 2026 revenue of $258.7 million (up 407% year-over-year) and full-year FY2026 revenue of $611.3 million, though full-year net loss was $124.7 million; the company disclosed roughly $36 billion in contracted AI data center revenue across about 1.4 GW of capacity, including an $11 billion CoreWeave lease for Polaris Forge 1 and a $5 billion hyperscaler lease for Polaris Forge 2, and is building five multibillion-dollar AI Factory campuses for two hyperscalers and CoreWeave.