What changed: r1 to r2
No authored reason recorded.
Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.
| Field | Before | After |
|---|---|---|
| /business/description | Not yet authored. | Our Business We are a U.S.-based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and other accelerated-compute applications. We design, build, and operate high-performance, sustainably engineered data centers—which we refer to as AI factories—and deliver that capacity to investment-grade hyperscalers and other leading compute customers under long-term lease and hosting arrangements. Our standardized, repeatable design model spans site selection, design, construction, and operations, and has been qualified by major hyperscalers, enabling rapid, flexible deployment in both air-cooled and liquid-cooled configurations. Over the past several fiscal years, we have evolved from a company focused on blockchain hosting into a purpose-built HPC data center platform organized around our proprietary AI factory model. Today, our growth, capital allocation, and operating focus are centered on developing and operating HPC data centers, while our legacy blockchain hosting operations represent a. |
| /business/drivers/0 | Not yet authored. | We design, build, and operate high-performance, sustainably engineered data centers—which we refer to as AI factories—and deliver that capacity to. |
| /business/drivers/1 | Not yet authored. | Today, our growth, capital allocation, and operating focus are centered on developing and operating HPC data centers, while our legacy blockchain hosting. |
| /business/drivers/2 | Not yet authored. | We conduct our business through two reportable segments: our HPC data center hosting business (the “HPC Hosting Business”) and our blockchain data center. |
| /memory/bands/10d/p10 | -12.344 | -6.532 |
| /memory/bands/10d/p50 | -0.297 | -0.267 |
| /memory/bands/10d/p90 | 12.061 | 8.409 |
| /memory/bands/10d/p_up | 0.495 | 0.46 |
| /memory/bands/1d/p10 | -4.143 | -2.206 |
| /memory/bands/1d/p50 | -0.057 | -0.023 |
| /memory/bands/1d/p90 | 4.037 | 2.255 |
| /memory/bands/1d/p_up | 0.48 | 0.49 |
| /memory/bands/5d/p10 | -8.36 | -5.444 |
| /memory/bands/5d/p50 | -0.214 | -0.032 |
| /memory/bands/5d/p90 | 8.885 | 5.334 |
| /memory/bands/5d/p_up | 0.487 | 0.493 |
| /meta/as_of | 2026-09-17 | 2026-09-18 |
| /meta/business_authored | None | False |
| /meta/extract_accession | None | 0001144879-26-000048 |
| /meta/extract_filed | None | 2026-07-29 |
| /meta/extract_form | None | 10-K |
| /meta/extract_source | None | filing |
| /meta/extract_url | None | https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm |
| /meta/revision | 1 | 2 |
| /thesis/view | Not yet authored. | |
| /thesis/what_changes_it | Not yet authored. |