Q ended Aug 31 interest expense $78.9M
Company: Applied Digital
The claim, verbatim
Interest expense rose to $78.9 million in the quarter ended August 31, up from $9.6 million a year earlier, including capitalized construction interest and PIK preferred dividends to Macquarie; base rent collected was $65.8 million.
Source (primary)
Applied Digital (NASDAQ: APLD) Carries $11 Billion In CoreWeave (NASDAQ: CRWV) Exposure As Tenant's Bonds Signal Deep Distress - Foreign Policy Journal (-, news_article)
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Quote: “interest expense surged to $78.9 million in the quarter ending August 31, up sharply from just $9.6 million in the same period a year earlier”
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Additional evidence
confirms Applied Digital (NASDAQ: APLD) Carries $11 Billion In CoreWeave (NASDAQ: CRWV) Exposure As Tenant's Bonds Signal Deep Distress - Foreign Policy Journal
Quote: “interest expense surged to $78.9 million in the quarter ending August 31, up sharply from just $9.6 million in the same period a year earlier”