Second major AI cloud services customer
Company: Applied Digital
The claim, verbatim
Second customer agreement with a value worth up to $460 million over 36 months
Source (primary)
Applied Digital 10-K filed 2023-08-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On June 23, 2023, we announced that we had signed our second customer in our AI cloud hosting business with a total value worth up to $460 million over 36 months.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the second customer agreement is worth up to $460 million over 36 months.
Confirmed in the source:
- a second AI cloud customer was announced on June 23, 2023
- the agreement is worth up to $460 million over 36 months
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000176/apld-20230531.htm) in full (291,995 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2023-08-02
Quote: “On June 23, 2023, we announced that we had signed our second customer in our AI cloud hosting business with a total value worth up to $460 million over 36 months.”