Crypto Miner and Data Center Digital Digital (APLD) decreases by 30 % with disappointment of profit report

Applied Digital (APLD), a Bitcoin drainage company and Texas data, fell sharply on Tuesday after informing the presenter of the digital infrastructure Quarterly results This decreased from Wall Street’s expectations.

The company, which was involved in the roots of encryption mining to focus on high-performance computing (HPC) and databases that focus on artificial intelligence, have reported revenues of $ 52.9 million for a quarter ending on February 28, 2025-an increase of 22 % than the previous year, but much less than analysts. consensus It is estimated at $ 64.5 million, approximately 18 % Miss.

Despite the first -class Miss, Applied Digital told a net loss other than the principles of acceptable accounting in general of $ 0.08 per share, overcoming analysts’ expectations of a loss of $ 0.10 per share. However, the modified Ebitda amounted to $ 10 million, which is absent from 41 % compared to the expected $ 16.9 million, indicating the continued pressure of the margin amid investments in heavy infrastructure.

APLD shares decreased up to 30 % of the closure of the Monday, and trading was about $ 3.90 in the first hours of the session.

An important preposition from the company’s cloud services unit, which recorded a sharp decrease in the revenues of the sequence by 36 %, decreased from 27.7 million dollars in the previous quarter to 17.8 million dollars. The applied digital has attributed the decline to the transformation from one tenant contracts to the multi -tenant GPU model, which is the transfer of preliminary technical challenges.

It is worth noting that on April 10, the company’s board of directors approved a plan to sell cloud services completely, with the aim of re -focusing on its basic HPC data center operations and may put itself as the trust of real estate investment (ReIT) in the future.

“We believe that the separation of cloud services and our data center operations better serves long -term interests for our shareholders,” said the CEO of Wes Cummins.

DisintegrationParts of this article were created with the help of artificial intelligence tools and reviewed by our editorial team to ensure accuracy and commitment Our standards. For more information, see Coindsk Full Policy Artificial Intelligence.