Applied Digital Corp 8-K, filed Feb 29, 2024
Applied Digital Corp. (APLD)
8-K
2024-02-29
For: 2024-02-23
View Original
Added on
April 09, 2026
About this 8-K
Applied Digital Corp filed this 8-K on February 29, 2024, reporting on events of February 23, 2024.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 8.01. Other Events
On February 23, 2024, Applied Digital Corporation (the “Company”) began re-energizing its Garden City facility which was de-energized on February 14, 2024 to safely accommodate Wind Energy Transmission of Texas’s maintenance work on a nearby switching station as previously disclosed. No electrical work was required or performed at the Company’s facility. The Company currently estimates that the impact of this downtime on the Company’s revenues will be material for the quarter ending February 29, 2024. The outage had no impact on our HPC hosting datacenters under construction, which are being designed to provide higher levels of availability in accordance with industry standards. The outage also had no impact on our Cloud services business as those services are provided using third-party facilities.
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: | February 29, 2024 | By: | /s/ David Rench | |||||||||||
| Name: | David Rench | |||||||||||||
| Title: | Chief Financial Officer | |||||||||||||