{"schema_version":"secwatch.filing_event.v1","accession":"0001144879-23-000022","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2023-01-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.981617+00:00","generated_at":"2026-06-20T17:30:49.745453+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Applied Digital Q2 revenue $12.3M, adjusted EBITDA -$2.1M; two new facilities expected by Feb 2023","bullets":["Revenue $12.3M; cost of revenue $11.8M (energy $10.3M); adjusted gross profit $1.5M (12% margin).","Net loss $26.6M ($0.29/sh); adjusted net loss $3.8M ($0.04/sh). Stock-based comp $21.8M.","Adjusted EBITDA loss $2.1M. Cash $18.1M, debt $20.5M.","Jamestown 100MW at full capacity; Garden City (200MW) and Ellendale (180MW) on track for energization by end of Feb.","Signed first two non-crypto HPC customers; launched $100M JV with GMR for distressed crypto assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001144879-23-000022","json":"https://secwatch.observer/filing/0001144879-23-000022.json","markdown":"https://secwatch.observer/filing/0001144879-23-000022.md","text":"https://secwatch.observer/filing/0001144879-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000022/0001144879-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000022/apld-20230109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T17:30:49.745453+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"85447cedf793c4c8aba890b24cd2cf9af8838c6b","claim":"Applied Digital Corp. reported fiscal second quarter of 2023 ended November 30, 2022 results: revenue $12.3 million.","evidence_excerpt":"of 2023 ended November 30, 2022. The Company also provided an operational update and outlook. Recent Operational and Financial Highlights • Fiscal second quarter 2023 revenue of $12.3 million • Fiscal second quarter 2023 adjusted EBITDA of $(2.1) million • 100-Megawatt (“MW”) facility in Jamestown, North Dakota operated at full capacity during the quarter • Changed","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000022/0001144879-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter of 2023 ended November 30, 2022"},{"label":"Revenue","value":"$12.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}