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Applied Digital Corporation reported financial results for the fiscal first quarter ended August 31, 2023. The Company also provided forward guidance and an operational update. Highlights include Adjusted EBITDA, adjusted net income, and adjusted earnings per share. The Company is finalizing details for its Garden City facility and has a clear path to reaching 500 MW across its three hosting facilities. Applied Digital is also deploying GPUs for its first customer in the Cloud services line of business and is developing additional HPC data center capacity. Demand for the Company’s services from both traditional customers and emerging HPC applications remains robust.