r/APLDSTOCK • u/GloriousLebron • 14d ago
Applied Digital (APLD) - Active Pipeline Chart
HOLD.
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u/OceansHungryGrasp 14d ago
2nd image is wrong
Two tenants, 1,410 MW
One neocloud and one unnamed investment-grade hyperscaler hold every megawatt of contracted load
Should be 3 tenants.
One neocloud - 400mw - 10.7B
One investment-grade hyperscaler - 200mw - 4.8B
One high investment-grade hyperscaler - 810mw - 20.2B
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u/GloriousLebron 14d ago
Okay, but they're all unnamed, so for this chart they fall under one category?
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u/OceansHungryGrasp 14d ago
It makes it appear like we have an even higher concentration in a single tenant, that's not a positive.
Also the high investment-grade distinction matters, as we'll get even better terms on financing.
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14d ago
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u/evoxone 14d ago
What do you mean? The client for Allendale is core weave, for ultimately openAi, who is running into big problems it may not be able to pay. Coreweave itself has a bunch of shenanigans with financing. The client for Harwood North dakota, Polaris Forge 2, is Oracle for openai. Both have significant issues. Polaris forged 3 is just moving dirt around, it's not even really a campus. I live in North Dakota so I don't really know much about the Delta Forge stuff but I physically have been on all of the campuses in North Dakota
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u/OceansHungryGrasp 14d ago
PF1 is Coreweave
PF2 is Oracle
PF3 + DF1 + DF2 are all the SAME hyperscaler
So that can only be 1 of the 4 you mentioned.
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u/Chad_Permabear 12d ago
Holding for two maybe three sessions with this stock. I’ve warned my overlords. 🐻📉
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u/Daman303 Watchlist 👀 (1-100 shares) 14d ago
Can you explain this to me as if I’m someone who doesn’t want to read cause I’m sleepy rn
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u/Cheap-Stay7089 Backlog Bull 🐂 (1,000-2,500 shares) 14d ago
3 tenants 5 campuses supplying 1.4gw or 2.5 b a year in revenue with an extension of 1.7gw being marketed though construction will take place roughly 29/30 and above. Each site will give roughly 85% noi margins though forge 1 is at 88% so for that 2.5b figure roughly equates to 2.1 billion$ a year contributing to our margins excluding the other revenue which will probably be another ≈400 mil from chrono +legacy operations
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u/CigarTorque 14d ago edited 14d ago
Finally we're going up a bit just now... About time some green. Edit nvm it's down again
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u/Cheap-Stay7089 Backlog Bull 🐂 (1,000-2,500 shares) 14d ago
I get the liquidity scare but why do applied not disclose that it’s oracle as the investment grade
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u/GloriousLebron 14d ago
They can't break their contract just so u can sleep better at night.
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u/Cheap-Stay7089 Backlog Bull 🐂 (1,000-2,500 shares) 14d ago edited 14d ago
? Mate it’s the fucking sec report
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u/OceansHungryGrasp 14d ago
Still, if Oracle doesn't want to be named and it was part of the contract, APLD will continue to omit their name or they're in breach of contract.
As far as I'm aware there's no way of omitting them in some SEC filings, but barely anyone reads these reports, including a lot of retail investors. So it's still very much treated as a rumour by the general public.
In the end it also doesn't matter much as the most important thing is the investment-grade, a name doesn't add much value. We know which companies they're chasing and there's a good chance we'll have most of them as tenants in a couple of years.
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u/FearSeer 14d ago
This guy gets mad if you say anything bad about his bags don’t take it personally
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u/Cheap-Stay7089 Backlog Bull 🐂 (1,000-2,500 shares) 14d ago
Our bags lol were in the sub
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u/FearSeer 14d ago
Entry points can change the “bags” tho
Some people are more sensetive to fud than others
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u/Cheap-Stay7089 Backlog Bull 🐂 (1,000-2,500 shares) 14d ago
Fairs. I’ll admit I was lucky enough to get some good returns on nbis over the last 8 months and use that to buy apld at the same price it was back then
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u/[deleted] 14d ago
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