GAAP revenue FY2024
Company: Applied Digital
The claim, verbatim
Applied Digital reported GAAP revenue of $165.575 million for FY2024 (1 June 2023 to 31 May 2024)
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: “FY2024 ran from 1 June 2023 to 31 May 2024 with GAAP revenue of $165.575 million as originally filed”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article states that FY2024 ran from 1 June 2023 to 31 May 2024, with GAAP revenue of $165.575 million as originally filed.
Confirmed in the source:
- Applied Digital's FY2024 ran from 1 June 2023 to 31 May 2024
- Applied Digital reported GAAP revenue of $165.575 million for FY2024
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: “FY2024 ran from 1 June 2023 to 31 May 2024 with GAAP revenue of $165.575 million as originally filed”