{"schema_version":"secwatch.filing_event.v1","accession":"0001144879-23-000163","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2023-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.062785+00:00","generated_at":"2026-06-13T16:53:23.117291+00:00","sec_items":["2.02","8.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Applied Digital prelim Q4 rev ~$22M, net loss ~$6.8M; launches AI Cloud with $180M customer deal","bullets":["Preliminary Q4 FY2023 revenue ~$22M, net loss ~$6.8M, Adjusted EBITDA $2.7-3.2M (subject to audit).","AI Cloud service launched; first major customer agreement worth up to $180M over 24 months with significant pre-payment.","Ordered >26,000 GPUs; top 11 pipeline opportunities have potential $1.3B revenue over 3 years.","HPC datacenter: 9 MW facility in Jamestown, ND, expected online H2 2023; plans to expand to 200 MW.","Crypto datacenter: 240 MW online, 246 MW coming online, all contracted under multi-year arrangements."],"urls":{"canonical":"https://secwatch.observer/filing/0001144879-23-000163","json":"https://secwatch.observer/filing/0001144879-23-000163.json","markdown":"https://secwatch.observer/filing/0001144879-23-000163.md","text":"https://secwatch.observer/filing/0001144879-23-000163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000163/0001144879-23-000163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000163/apld-20230626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T16:53:23.117291+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":"5b816b6dc72ce44dc933e179a892a73328b28fc6","claim":"Applied Digital Corp. reported fourth quarter ended May 31, 2023 results: revenue approximately $22 million, net income approximately $6.8 million.","evidence_excerpt":"we estimate that our revenues overall will be approximately $22 million. For the fiscal fourth quarter of 2023, we estimate that our net loss overall will be approximately $6.8 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000163/0001144879-23-000163-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended May 31, 2023"},{"label":"Revenue","value":"approximately $22 million"},{"label":"Net income","value":"approximately $6.8 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}