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Applied Digital Corporation reported financial results for the fiscal fourth quarter and full year ended May 31, 2023. The company reported revenue of $22 million and adjusted EBITDA of $2.9 million for the fourth quarter. Applied Digital also launched an AI Cloud Service to provide high-performance computing power for AI applications and energized a 9MW Jamestown HPC Facility in May. The company is focusing on non-crypto use cases and leveraging the capabilities of their next-generation proprietary data center assets for HPC applications.