FILING ANALYSIS · WEDNESDAY, OCTOBER 7
Applied Digital Corp. APLD — 8-K: Results of Operations and Financial Condition
positive
Applied Digital Corp. reported a 322% year-over-year revenue increase to $341.9 million and a net loss of $221.0 million, but adjusted EBITDA was $64.4 million, beating expectations. The company also announced a 210 MW, 15-year lease with a tier-one hyperscaler customer, representing $5.2 billion of contracted revenue.
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