Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
+9.26%
$32.35
100% positive prob.
5-Day Prediction
+19.15%
$35.28
100% positive prob.
20-Day Prediction
+25.74%
$37.23
95% positive prob.
SEC 8-K filings with transcript text
Jan 7, 2026 · 100% conf.
1D
+9.26%
$32.35
Act: +7.72%
5D
+19.15%
$35.28
Act: +20.96%
20D
+25.74%
$37.23
Act: -6.42%
apld-202601070001144879FALSE00011448792026-01-072026-01-07
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 7, 2026 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On January 7, 2026, Applied Digital Corporation (the “Company”) issued a press release announcing its financial results for the second fiscal quarter ended November 30, 2025. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated January 7, 2026.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: January 7, 2026By: /s/ Saidal Mohmand Name:Saidal Mohmand Title:Chief Financial Officer
3
Oct 9, 2025
apld-202510090001144879FALSE00011448792025-10-092025-10-09
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 October 9, 2025 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On October 9, 2025, Applied Digital Corporation (the “Company”) issued a press release announcing its financial results for the first fiscal quarter ended August 31, 2025. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated October 9, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: October 9, 2025 By: /s/ Saidal Mohmand Name:Saidal Mohmand Title:Chief Financial Officer
3
Jul 30, 2025
apld-202507300001144879FALSE00011448792025-07-302025-07-30
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 July 30, 2025 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On July 30, 2025, Applied Digital Corporation (the “Company”) issued a press release announcing its financial results for the fourth fiscal quarter ended May 31, 2025. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated July 30, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: July 30, 2025 By: /s/ Saidal Mohmand Name:Saidal Mohmand Title:Chief Financial Officer
3
Apr 14, 2025
apld-202504140001144879FALSE00011448792025-04-142025-04-14
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 April 14, 2025 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On April 14, 2025, Applied Digital Corporation (the “Company”) issued a press release announcing its financial results for the third fiscal quarter ended February 28, 2025. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated April 14, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: April 14, 2025 By: /s/ Saidal Mohmand Name:Saidal Mohmand Title:Chief Financial Officer
3
Jan 14, 2025
apld-202501140001144879FALSE00011448792025-01-142025-01-14
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 14, 2025 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On January 14, 2025, Applied Digital Corporation (the “Company”) issued a press release announcing its financial results for the second fiscal quarter ended November 30, 2024. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated January 14, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: January 14, 2025 By: /s/ Saidal Mohmand Name:Saidal Mohmand Title:Chief Financial Officer
3
Oct 9, 2024
apld-202410090001144879FALSE00011448792024-10-092024-10-09
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 October 9, 2024 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On October 9, 2024, Applied Digital Corporation (the “Company”) issued a press release announcing its financial results for the first fiscal quarter ended August 31, 2024. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated October 9, 2024.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: October 9, 2024 By: /s/ David Rench Name:David Rench Title:Chief Financial Officer
3
Aug 28, 2024
apld-202408280001144879FALSE00011448792024-08-282024-08-28
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 August 28, 2024 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On August 28, 2024, Applied Digital Corporation (the “Company”) issued a press release announcing its financial results for the three months and fiscal year ended May 31, 2024. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated August 28, 2024.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: August 28, 2024By: /s/ David Rench Name:David Rench Title:Chief Financial Officer
3
Jul 19, 2024
apld-202407190001144879FALSE00011448792024-07-192024-07-19
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 July 19, 2024 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 8.01.Other Events.
Risk Factors and Business Description Update Applied Digital Corporation (the “Company”) is filing this Current Report on Form 8-K to update and supplement the description of the Company’s business and risk factors contained in its previous filings with the Securities and Exchange Commission (the “SEC”) as set forth below. Unless otherwise indicated, references to “we,” “us,” “our,” or “Company” in this report mean Applied Digital Corporation and its subsidiaries.
General We are a United States designer, developer, and operator of next-generation digital infrastructure across North America. We provide digital infrastructure solutions and Cloud services to the rapidly growing industries of High-Performance Computing (HPC) and Artificial Intelligence (AI). We operate in three distinct business segments, including, Blockchain data center hosting (the “Datacenter Hosting Business”), cloud services, through a wholly owned subsidiary (the “Cloud Services Business”) and HPC data center hosting (the “HPC Hosting Business”), as further discussed below. Despite the challenges posed by the competitive landscape, global supply chain disruptions, and evolving regulatory environment, we remain committed to delivering innovative and responsible solutions to our customers while prioritizing compliance and risk management. As we continue to expand our operations and navigate the uncertainties associated with being a relatively new business in rapidly evolving markets, we believe we are well-positioned to capitalize on the increasing demand for data center services driven by the rapid adoption of digital technologies across industries. We completed our initial public offering in April 2022 and our common stock began trading on the Nasdaq Global Select Market (“Nasdaq”) on April 13, 2022. In November 2022, we changed our name from Applied Blockchain, Inc. to Applied Digital Corporation. Business Segments Datacenter Hosting Business Our Datacenter Hosting Business operates data centers, providing energized space to crypto mining customers. Our custom-designed data centers allow customers to rent space based on their power requirements. We currently serve four crypto-mining customers, all of whom have entered into contracts ranging from three to five years. We began generating revenue in February 2022 and to date, this business segment accounts for the majority of the revenue we generate from our operations (approximately 87% as of February 29, 2024). We currently operate sites in Jamestown and Ellendale, North Dakota, with a total hosting capacity of approximately 286 MW: 1.Jamestown, North Dakota: 106 MW facility. 2.Ellendale, North Dakota: 180 MW facility. In March 2021, we executed a strategy planning and portfolio advisory services agreement (the “Services Agreement”) with GMR Limited, a British Virgin Island limited liability company (“GMR”), Xsquared Holding Limited, a British V
Jul 9, 2024
apld-202407090001144879FALSE00011448792024-07-092024-07-09
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 July 9, 2024 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On July 9, 2024, Applied Digital Corporation (the “Company”), announced its current and preliminary expectations of the Company’s financial results for the fiscal fourth quarter ended May 31, 2024. These numbers remain subject to adjustment in connection with the pending audit of the Company’s financial statements. For the fiscal fourth quarter ended May 31, 2024, the Company estimates that its revenues will be approximately $41.7 million to $43.7 million and Adjusted EBITDA (as defined below) will be in the range of $2.8 million to $4.8 million. “EBITDA” is defined as earnings before interest, taxes, and depreciation and amortization. We define Adjusted EBITDA as EBITDA adjusted for the impact of certain other items, including stock-based compensation, litigation expenses, and fair value changes in financial instruments, amongst others. These costs have been adjusted as they are not indicative of business operations. “Adjusted EBITDA” is a financial measure that is not presented in accordance with U.S. generally accepted accounting principles, or GAAP. However, we cannot reconcile our estimated range of Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, without unreasonable efforts because of the unpredictable or unknown nature of certain significant items excluded from Adjusted EBITDA and the resulting difficulty in quantifying the amounts thereof that are necessary to estimate net income (loss). Specifically, we are unable to estimate the future impact of certain items, including income tax expense (benefit) and certain fair value changes in financial instruments. We expect the variability of these items could have a significant impact on our reported GAAP financial results. Adjusted EBITDA should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. It is intended as a supplemental measure of our performance that is neither required by, nor presented in accordance with, GAAP. We believe that the use of EBITDA and Adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial measures with those of comparable companies, which may present similar non-GAAP financial measures to investors. We also believe EBITDA and Adjusted EBITDA are useful metrics to investors because they provide additional information regarding factors and trends affecting our business, which are used in the business planning process to understand expected operating performance, to evaluate results against those expectations, and because of their importance as measures of underlying operating performance, as the primary compensation performance measure under certain programs and plans. In addition, our presentation of these measures should not be construed as an inference that its future results will be
Apr 11, 2024
apld-202404110001144879FALSE00011448792024-04-112024-04-11
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 April 11, 2024 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On April 11, 2024, Applied Digital Corporation. (the “Company”) issued a press release announcing its financial results for the three and nine months ended February 29, 2024. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated April 11, 2024.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: April 11, 2024 By: /s/ David Rench Name:David Rench Title:Chief Financial Officer
3
Jan 16, 2024
apld-202401160001144879FALSE00011448792024-01-162024-01-16
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 16, 2024 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Boulevard,Suite 2100,Dallas,Texas75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On January 16, 2024, Applied Digital Corporation. (the “Company”) issued a press release announcing its financial results for the three and six months ended November 30, 2023. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1 Press Release dated January 16, 2024.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: January 16, 2024 By: /s/ David Rench Name:David Rench Title:Chief Financial Officer
3
Oct 10, 2023
apld-202310090001144879FALSE00011448792023-10-092023-10-09
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 October 9, 2023 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Blvd.,Suite 2100,Dallas,TX75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02.Results of Operations and Financial Condition
On October 9, 2023, Applied Digital Corporation. (the “Company”) issued a press release announcing its financial results for the three months ended August 31, 2023. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. Subsequent to the issuance of the press release, the Company made an accrual of $2.3 million for loss on legal settlement. The accrual resulted in the following updated metrics: •Accrued liabilities increased from $10.4 million to $12.7 million •Net loss increased from $9.6 million or $(0.10) loss per basic and diluted share, to $11.9 million, or $(0.12) loss per basic and diluted share •EBITDA (a non-GAAP measure) decreased from EBITDA of $0.8 million to an EBITDA loss of $1.5 million.
Three Months Ended Reconciliation of Net loss to EBITDAAugust 31, 2023August 31, 2022 Net loss attributable to Applied Digital (GAAP) $(11,457)$(4,531) Interest expense2,074 356 Income tax benefit (expense)— 32 Depreciation and amortization7,860 1,136 EBITDA (Non-GAAP)$(1,523)$(3,007)
Please reference the Company’s quarterly report filed on Form 10-Q for full disclosure of the updated metrics. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1 Press Release dated October 9, 2023.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: October 10, 2023
By: /s/ David Rench Name:David Rench Title:Chief Financial Officer
3
Jul 24, 2023
apld-202307240001144879FALSE00011448792023-07-242023-07-24
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 July 24, 2023 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Blvd.,Suite 2100,Dallas,TX75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02 Results of Operations and Financial Condition
On July 24, 2023, Applied Digital Corporation (the “Company”) issued a press release announcing its financial results for the three and twelve months ended May 31, 2023.
A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits
Exhibit No.Description
99.1Press Release dated July 24, 2023.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: July 24, 2023
By: /s/ David Rench Name:David Rench Title:Chief Financial Officer
Jun 26, 2023
apld-202306260001144879FALSE00011448792023-06-232023-06-23
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 June 26, 2023 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Blvd.,Suite 2100,Dallas,TX75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02 Results of Operations and Financial Condition
On June 26, 2023, Applied Digital Corporation (the “Company”), announced the Company’s current and preliminary expectations of financial results for the Company for the fourth quarter ended May 31, 2023. These numbers remain subject to adjustment in connection with the pending audit of the Company’s financial statements.
For the fiscal fourth quarter of 2023, we estimate that our revenues overall will be approximately $22 million. For the fiscal fourth quarter of 2023, we estimate that our net loss overall will be approximately $6.8 million, and our Adjusted EBITDA will be in the range of $2.7 million to $3.2 million. Adjusted EBITDA is a non-GAAP financial measure.
“EBITDA” is defined as earnings before interest, taxes, and depreciation and amortization.
“Adjusted EBITDA” is defined as EBITDA adjusted for stock-based compensation, gain on extinguishment of accounts payable, loss on extinguishment of debt, and one-time professional service costs not directly related to the company’s offering and therefore not deferred under the guidance in ASC 340 and SAB Topic 5A. These costs have been adjusted as they are not indicative of business operations. Adjusted EBITDA is intended as a supplemental measure of the Company’s performance that is neither required by, nor presented in accordance with, GAAP. We believe that the use of EBITDA and Adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial measures with those of comparable companies, which may present similar non-GAAP financial measures to investors. We also believe EBITDA and Adjusted EBITDA are useful metrics to investors because they provide additional information regarding factors and trends affecting our business, which are used in the business planning process to understand expected operating performance, to evaluate results against those expectations, and because of their importance as measures of underlying operating performance, as the primary compensation performance measure under certain programs and plans. However, you should be aware that when evaluating EBITDA and Adjusted EBITDA, the Company may incur future expenses similar to those excluded when calculating these measures. In addition, our presentation of these measures should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. Our computation of Adjusted EBITDA may not be comparable to other similarly titled measures computed by other companies, because all companies may not calculate Adjusted EBITDA in the same fashion.
Because of these limitations, EBITDA and Adjusted EBITDA should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on its GAAP results and using EBITDA an
Apr 6, 2023
Jan 9, 2023
Oct 13, 2022
apld-202210110001144879FALSE00011448792022-10-112022-10-11
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 October 11, 2022 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Blvd.,Suite 2100,Dallas,TX75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
4872-4691-0253v.1
Item 2.02 Results of Operations and Financial Condition. On October 11, 2022, Applied Blockchain, Inc., a Nevada corporation (the “Company”), issued a press release to report its financial results for the first fiscal quarter ended August 31, 2022. The press release is furnished as Exhibit 99.1 hereto.
The information contained in the Current Report on Form 8-K, including the exhibits attached hereto, shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or under the Exchange Act, regardless of any general incorporation language in such filing.
2
Item 9.01Financial Statements and Exhibits.
Exhibit No.Description
99.1 Press release dated October 11, 2022.
10.4 Cover Page Interactive Data File (embedded within the Inline XBRL document).
3
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: October 13, 2022
By: /s/ David Rench Name:David Rench Title:Chief Financial Officer
4
Jul 18, 2022
apld-202207120001144879FALSE00011448792022-07-122022-07-12
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 July 12, 2022 (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada001-3196895-4863690 (State or other jurisdiction of incorporation) (Commission File Number)(IRS Employer Identification No.)
3811 Turtle Creek Blvd.,Suite 2100,Dallas,TX75219 (Address of principal executive offices)(Zip Code)
214-427-1704 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). o Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockAPLDNasdaq Global Select Market
Item 2.02 Results of Operations and financial Condition.
On July 18, 2022, Applied Blockchain, Inc. (the “Company”) issued a press release updating the previously provided fiscal fourth quarter and year end 2022 financial guidance.
A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
2
Item 8.01 Other Events.
As previously reported, the“Company’s first 100MW Next-Gen co-hosting facility in Jamestown, North Dakota began energizing in late January 2022, and had over 90MW online as of June 2022. The power provider for the site has experienced an equipment failure at the substation powering the facility, resulting in a partial outage. On July 12, 2022, the provider informed the Company that it has determined to provide replacement equipment on a temporary basis, which is expected to be in place within approximately two months and will serve to restore power to full capacity, and subsequently to repair the damaged equipment. The repaired original equipment is expected to be returned to service during the second calendar quarter of 2023. The Jamestown facility was not damaged by the equipment failure.
On July 12, 2022, the Company entered into a five-year hosting contract with Marathon Digital Holdings, Inc. (Nasdaq: MARA) (“Marathon”) for 200-Megawatts (“MW”) of Bitcoin mining capacity. The Company will provide comprehensive hosting services for Marathon’s Bitcoin miners at the Company’s owned and operated co-hosting datacenters.
On July 18, 2022, the Company issued a press release relating to such events, attached hereto as Exhibit 99.2 and incorporated by reference herein.
3
Item 9.01 Financial Statements and Exhibits
Exhibit No.Description 99.1 Press release regarding financial guidance dated July 18, 2022.
99.2Press release regarding the Marathon agreement dated July 18, 2022
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
4
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: July 18, 2022
By: /s/ David Rench Name:David Rench Title:Chief Financial Officer
5
May 13, 2022
0001144879 false
0001144879
2022-05-13 2022-05-13
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
May 13, 2022
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Nevada 001-31968 95-4863690
(State or other jurisdiction
of incorporation)
(Commission File Number) (IRS Employer
Identification No.)
3811 Turtle Creek Blvd., Suite 2100, Dallas, TX 75219
(Address of principal executive offices) (Zip Code)
214-427-1704
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
¨ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock
Nasdaq Global Select Market
Item 2.02. Results of Operations and Financial Condition
On May 13, 2022, Applied Blockchain, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended February 28, 2022.
A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits
Exhibit No.
Description
99.1
Press Release dated May 13, 2022.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: May 13, 2022
By: /s/ David Rench
Name: David Rench
Title: Chief Financial Officer
3
This page provides Applied Digital Corporation (APLD) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on APLD's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.