Legacy crypto customer revenue concentration and contract term
Company: Applied Digital
The claim, verbatim
One legacy crypto-mining customer in the Data Center Hosting segment accounted for 25% of Applied Digital's revenue, with approximately eighteen months remaining on the contract
Source (primary)
Hut 8 vs Applied Digital and Why 96 Percent of Hut 8's AI Revenue Is Internal - Phemex (-, news_article)
View cached copy (2026-09-23)Live source ↗
Quote: “One legacy crypto-mining customer in the Data Center Hosting segment accounted for another 25%, on a contract with about eighteen months left to run”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article gives both the 25% revenue share and the roughly eighteen months remaining on the contract.
Confirmed in the source:
- One legacy crypto-mining customer in Applied Digital's Data Center Hosting segment accounted for 25% of FY2026 revenue from continuing operations
- That customer's contract had about eighteen months left to run
What we did: Read our cached copy of the publisher (https://phemex.com/academy/hut-8-vs-applied-digital-ai-revenue) in full (15,917 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 vs Applied Digital and Why 96 Percent of Hut 8's AI Revenue Is Internal - Phemex
Quote: “One legacy crypto-mining customer in the Data Center Hosting segment accounted for another 25%, on a contract with about eighteen months left to run”