The company saw 250% YoY revenue growth, mainly due to tenant fit-out and lease revenues at its Polaris Forge 1 site. However, it posted a net loss of $31.2M, with adjusted EBITDA at $20.2M.

Applied Digital saw revenues rise significantly year-over-year, driven by HPC installations and steady performance in the data center hosting segment, though it posted a net loss due to high operating expenses and investments.

Applied Digital demonstrated strong performance in its Data Center Hosting business, with a 41% increase in Q4 revenue. The company also secured transformative long-term lease agreements with CoreWeave for its HPC data centers, positioning itself for substantial future growth in the AI infrastructure market.

Applied Digital posted $52.9M in revenue, up from the previous year, but recorded a net loss of $36.1M. The company advanced development on its Ellendale data center and secured $375M financing from SMBC. It also announced plans to divest its Cloud Services business.

Applied Digital reported a 51% increase in revenue to $63.9 million for the fiscal second quarter of 2025. The company secured a $5.0 billion perpetual preferred equity financing facility and energized the on-site main substation transformer at its Ellendale HPC data center.

Applied Digital reported a 67% increase in revenue to $60.7 million compared to the prior year period, driven by the Cloud Services business segment. The company's net loss was $4.2 million, or $0.03 per share, while adjusted EBITDA reached $20.0 million.

Applied Digital reported Q4 2024 revenue of $43.7 million and a net loss of $64.8 million. The company resolved transformer issues at its Ellendale Data Center Hosting facility, restoring it to full power capacity by the end of June. They also secured over $150 million in funding and are in advanced discussions for project-level financing with an investment-grade tenant.

Applied Digital reported a 208% increase in revenue to $43.3 million for the fiscal third quarter 2024. The company experienced a net loss of $62.8 million, or $0.52 per share, and an adjusted EBITDA loss of $2.3 million. Despite challenges from outages at Ellendale, the HPC and Cloud Services sectors continued to advance, and the company strengthened its balance sheet with announced asset sales and financing transactions.

Applied Digital reported a 242% increase in revenue compared to the previous year, driven by the Ellendale and Garden City facilities. The company is on track to reach 500 MW across its three hosting facilities. However, due to delayed delivery of networking components, the company expects revenue and EBITDA to be below the low end of its previously guided range for fiscal year 2024.

Applied Digital reported a strong start to fiscal year 2024, with a 425% increase in total revenue to $36.3 million compared to the same quarter last year. The company's Ellendale, ND facility was fully energized, and they began recognizing revenue from their first Cloud Services contract. They reaffirmed their full-year fiscal 2024 revenue guidance of $385 million - $405 million and Adjusted EBITDA guidance of $195 million - $205 million.

Applied Digital reported a strong fiscal fourth quarter with a 193% increase in revenue compared to the previous year, driven by hosting revenues from its Jamestown and Ellendale facilities. The company also launched its AI Cloud Service and secured significant AI customer agreements. Looking ahead, Applied Digital is focusing on non-crypto use cases and expects continued growth in fiscal year 2024.

Applied Digital reported financial results for the fiscal third quarter of 2023 ended February 28, 2023. The company reported revenue of $14.1 million and an adjusted EBITDA of $0.9 million.

Applied Digital reported a revenue of $12.3 million for the fiscal second quarter of 2023, with the Jamestown facility operating at full capacity. The company secured first two non-cryptocurrency customers and continued buildout of second and third co-hosting facilities.

Applied Digital's fiscal first quarter 2023 revenue was $6.9 million, at the high-end of guidance. The company's adjusted EBITDA was $(1.9) million, compared to adjusted EBITDA guidance of ($1.8) million) to ($2.2) million.