Summary
- Applied Digital reported that its stock price dropped by nearly 30% after announcing disappointing quarterly results.
- The revenue for the quarter was $52.9 million, which was more than 18% lower than expected.
- Currently, APLD is trading at $3.86, down 28.14%.
On the 15th (local time), according to the virtual asset (cryptocurrency) specialized media CoinDesk, the US virtual asset mining company Applied Digital (APLD) saw its stock price drop by nearly 30% after announcing disappointing quarterly results.
Applied Digital reported that its revenue for the third quarter of the fiscal year was $52.9 million.
This figure is more than 18% lower than expected. Currently, APLD is trading at $3.86, down 28.14%.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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