---
schema_version: "secwatch.filing_event.v1"
accession: "0001144879-24-000077"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2024-04-11T23:59:59+00:00"
generated_at: "2026-06-03T23:49:35.206352+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Applied Digital Q3 revenue $43.3M (+208% YoY); net loss $62.8M; Ellendale outage weighs

## Summary
- Net loss of $62.8M ($0.52/share) vs $7.3M loss a year ago; adjusted EBITDA loss of $2.3M.
- Revenue rose 208% to $43.3M on expanded datacenter capacity and new Cloud services revenue.
- Ellendale 180MW facility experienced power outage in Jan; re-energized to ~14% capacity (25MW); targeting 65-75% by end of May.
- Executed LOI with US hyperscaler for 400MW lease at Ellendale campus (incl. 100MW HPC facility).
- Strengthened balance sheet with $160M in asset sales/financing; cash and equivalents $41M, debt $61.8M.

## SEC filing metadata
- accession: 0001144879-24-000077
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2024-04-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000077/0001144879-24-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000077/apld-20240411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144879-24-000077
- JSON: https://secwatch.observer/filing/0001144879-24-000077.json
- Plain text: https://secwatch.observer/filing/0001144879-24-000077.txt

## Key facts
- Earnings Releases
  Applied Digital Corp. reported fiscal third quarter 2024 results: revenue $43.3 million.
  - Period: fiscal third quarter 2024
  - Revenue: $43.3 million
  - Result: reported results
  source text: Total revenues in the fiscal third quarter 2024 were $43.3 million, up 208% from the fiscal third quarter 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000077/0001144879-24-000077-index.htm

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