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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.
Applied Digital
Applied Digital
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.