Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.
In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring. The company emphasizes the use of renewable and carbon-free energy sources, entering into power purchase agreements with utility providers and pairing mining operations with sustainable energy projects to mitigate environmental impact.
Applied Digital’s footprint is concentrated in the United States, with key facilities in Texas and Mississippi that benefit from favorable power markets and robust grid infrastructure. The company is actively evaluating expansion opportunities in other North American markets where access to low-cost renewable energy and supportive regulatory environments align with its sustainability objectives. Its data centers serve a diverse mix of hyperscale, enterprise and government customers, while its Bitcoin mining operations cater to institutional investors and digital asset firms.
Led by Chief Executive Officer Fred Thiel, Applied Digital has evolved through strategic acquisitions and organic growth since its founding in 2017. The management team combines deep expertise in energy, digital infrastructure and blockchain technology, positioning the company to capitalize on rising demand for high-efficiency computing and carbon-aware Bitcoin mining services.