Applied Digital classifies Cloud Services Business as held for sale, pro forma shows improved continuing ops net loss

Applied Digital Corp.

Board approved sale negotiation Feb 2025; segment held for sale as of April 10, 2025.
Pro forma nine months Feb 2025: removes $71.3M revenue and $55.4M discontinued ops net loss.
Pro forma FY2024: continuing ops net loss improves from -$149.7M to -$74.4M, removing $75.3M loss.
Company to report Cloud Services as discontinued operations starting Q4 FY2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.