Applied Digital Corporation reported fiscal Q1 2025 results with revenues of $60.7 million, up 67% YoY. The company posted a net loss of $4.2 million or $0.03 per share. Adjusted EBITDA was $20.0 million, despite $4.1 million in expenses from non-revenue generating facilities.The Cloud Services segment contributed $25.9 million in revenue. Applied Digital is finalizing a lease agreement with a U.S.-based hyperscaler for its 100 MW HPC facility in Ellendale, North Dakota, with plans to expand total capacity to 400 MW.Post-quarter, the company secured $160 million in strategic financing from investors including NVIDIA and Related Companies. Applied Digital aims to become a platform for building and operating multiple HPC data centers, with 1.4 GW of additional capacity in development across three new campuses.

Applied Digital Corporation reported fiscal Q1 2025 results with revenues of $60.7 million, up 67% YoY. The company posted a net loss of $4.2 million or $0.03 per share. Adjusted EBITDA was $20.0 million, despite $4.1 million in expenses from non-revenue generating facilities.The Cloud Services segment contributed $25.9 million in revenue. Applied Digital is finalizing a lease agreement with a U.S.-based hyperscaler for its 100 MW HPC facility in Ellendale, North Dakota, with plans to expand total capacity to 400 MW.Post-quarter, the company secured $160 million in strategic financing from investors including NVIDIA and Related Companies. Applied Digital aims to become a platform for building and operating multiple HPC data centers, with 1.4 GW of additional capacity in development across three new campuses.