Overview
- Q2 FY2026 results: EPS came in at $0.00 versus a projected loss of $0.10, with revenue of $126.59 million beating estimates and rising about 98% year over year.
- The company said it has now signed leases with two hyperscalers across two North Dakota campuses, including a reported $5 billion, 200 MW agreement at the Polaris Forge 2 site.
- CoreWeave exercised its option to expand Ellendale to 400 MW, which Benzinga reports lifts the 15‑year contract value to roughly $11 billion.
- Applied Digital is spinning off its GPU/cloud business via a merger with Ekso Bionics to form ChronoScale, with reported retained ownership ranging from over 80% to 97% and an expected close in the first half of 2026.
- Management highlighted a development loan facility from Macquarie, noted active discussions for additional sites and customers, and saw shares rise about 5% in after‑hours trading following the report.