Applied Digital Corp. Files 8-K

TL;DR

APLD filed an 8-K on 6/28, updating corporate info. Nothing major.

AI Summary

Applied Digital Corp. filed an 8-K on June 28, 2024, to report other events and financial statements. The filing details the company's operations and corporate structure, including its former names such as Applied Blockchain, Inc. and Flight Safety Technologies Inc.

Why It Matters

This filing provides an update on Applied Digital Corp.'s corporate activities and financial reporting, which is important for investors to track the company's status.

Risk Assessment

Risk Level: low — The filing is a routine corporate update and does not appear to contain significant new risks or material adverse information.

Key Players & Entities

• Applied Digital Corp. (company) — Registrant
• Applied Blockchain, Inc. (company) — Former company name
• Flight Safety Technologies Inc (company) — Former company name
• June 28, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• apld-20240628.htm (8-K) — 26KB
• 0001144879-24-000181.txt ( ) — 151KB
• apld-20240628.xsd (EX-101.SCH) — 2KB
• apld-20240628_lab.xml (EX-101.LAB) — 22KB
• apld-20240628_pre.xml (EX-101.PRE) — 13KB
• apld-20240628_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events Operational Update As previously disclosed, on January 18, 2024, Applied Digital Corporation (the "Company") began experiencing a power outage at our Ellendale datacenter hosting facility (the "Ellendale Facility"), resulting in a complete outage by January 19, 2024. These outages were due to transformers not meeting industry standards. The Company had successfully procured new transformers and related components from North American industry-leading manufacturers and began re-energizing. As of June 28, 2024, the upgrades to the Ellendale Facility's equipment were completed, and the Ellendale Facility has been restored to full operating capacity at 180 MW. The reduced capacity had no impact on our HPC hosting data centers, which are designed to provide higher levels of availability in accordance with industry standards, or on our Cloud services business, as those services are provided using third-party facilities. This Current Report on Form 8-K contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words, and variations of words, such as "continue," "build," "future," "increase," "drive," "believe," "look," "ahead," "confident," "deliver," "outlook," "expect," and "predict." Other examples of forward-looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including our evolving business model, or estimates or predictions of actions by suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncerta

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits EXHIBIT INDEX Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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 2, 2024 By: /s/ David Rench Name: David Rench Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR