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)
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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
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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”