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Feb 28, 2023
Applied Digital Q3 2023 Earnings Report
Reported a 14% sequential revenue growth.
Key Takeaways
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.
Generated sequential revenue growth of 14%.
Reported fiscal third quarter 2023 revenue of $14.1 million.
Reported fiscal third quarter 2023 adjusted EBITDA of $0.9 million.
Energized second co-hosting facility in Ellendale, North Dakota in early March.
Forward Guidance
The company remains excited about the future and its ability to deliver long-term, high-margin, sustainable cash flow. While they continue to see robust demand from cryptocurrency miners, they aim to diversify their customer base and exposure to the growing segments of the HPC market.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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