Applied Digital Tops Crypto Mining Stock Losses

Applied Digital leads losses in crypto mining stocks as the sector trends down with 13 of 15 constituents falling. The company reports strong revenue growth, hitting $64.2 million in fiscal Q1 2026, up 84% year-over-year, and $126.6 million in Q2, a 250% jump, driven by data center hosting and AI infrastructure deals. Despite this, it faces a net loss of $27.8 million in Q1 and $31.2 million in Q2, plus a debt surge from $468 million to $2.6 billion. Read more about this...