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Form 8-K · Current Report · Filed 2024-03-08

Applied Digital Re-energizes Ellendale Data Center

Applied Digital Corporation (ADC) is undergoing significant repairs and upgrades to its Ellendale data center, which is expected to cause material revenue impact until completion.

Filer
Applied Digital Corporation APLD · NASDAQ
Filed
Accession
0001144879-24-000056
CIK
0001144879
Signal
High impactTechnology

Details

This work does not affect ADC's HPC data centers or cloud services. The company expects to ramp up capacity over the quarter as the repairs and upgrades are completed.

Items reported

Item 8.01

Other Events

Major Legal Settlement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$4.16

Next session

+1.0%

Since filing

+558.4%

Latest close

$27.39

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from APLD reporting the same item, with the next session's move:

About Applied Digital Corporation

Applied Digital Corporation specializes in digital infrastructure provision, focusing primarily on the management and operation of next-generation data centers. These facilities are optimized for high-performance computing applications, which are critical for areas such as artificial intelligence, machine learning, and blockchain technologies. As the demand for computational power grows across various industries, Applied Digital plays a pivotal role in facilitating the infrastructure that powers advanced technological developments. This company is notable for its energy-efficient solutions and scalable architecture, catering to sectors requiring substantial processing capabilities. Operating in the rapidly evolving landscape of tech infrastructure, Applied Digital is positioned to impact diverse fields, from finance and healthcare to scientific research and entertainment. By providing robust and flexible infrastructure, it enables organizations to expand their digital capabilities, highlighting its importance in the global push towards greater computational efficiency and innovation.

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