---
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"
generated_at: "2026-06-13T16:53:23.117291+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Applied Digital prelim Q4 rev ~$22M, net loss ~$6.8M; launches AI Cloud with $180M customer deal

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144879-23-000163
- JSON: https://secwatch.observer/filing/0001144879-23-000163.json
- Plain text: https://secwatch.observer/filing/0001144879-23-000163.txt

## Key facts
- Earnings Releases
  Applied Digital Corp. reported fourth quarter ended May 31, 2023 results: revenue approximately $22 million, net income approximately $6.8 million.
  - Period: fourth quarter ended May 31, 2023
  - Revenue: approximately $22 million
  - Net income: approximately $6.8 million
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1144879/000114487923000163/0001144879-23-000163-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.