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.

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