Annualized adjusted EBITDA projection
Company: Applied Digital
The claim, verbatim
Once operational at 500MW capacity, company projects $100 million of annualized adjusted EBITDA
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “once operational, this should translate to $100 million of annualized adjusted EBITDA”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The October 2022 release quotes the CEO saying the buildout to nearly 500MW, once operational, should translate to $100 million of annualized adjusted EBITDA. The source says 'nearly 500MW' rather than exactly 500MW.
Confirmed in the source:
- The company was building toward nearly 500MW of hosting capacity, all already contracted
- CEO Wes Cummins said that once operational, this capacity should translate to $100 million of annualized adjusted EBITDA
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/42/applied-blockchain-reports-fiscal-first-quarter-2023/) in full (25,723 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “once operational, this should translate to $100 million of annualized adjusted EBITDA”
confirms Earnings Release
Quote: “We believe that, once operational, this should translate to $100 million of annualized adjusted EBITDA”
confirms Earnings Release
Quote: “We believe that, once operational, this should translate to $100 million of annualized adjusted EBITDA”
confirms Earnings Release
Quote: “We believe that, once operational, this should translate to $100 million of annualized adjusted EBITDA”
confirms Earnings Release
Quote: “We believe that, once operational, this should translate to $100 million of annualized adjusted EBITDA”