Cloud Services Business current customers
Company: Applied Digital
The claim, verbatim
Cloud Services Business currently serves two customers
Source (primary)
Applied Digital 424B3 filed 2024-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Cloud Services Business currently serves two customers and accounted for approximately 17% of our revenue in fiscal year 2024.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The prospectus states that the Cloud Services Business currently serves two customers.
Confirmed in the source:
- The Cloud Services Business currently serves two customers
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000238/apld-prospectusyorkvillepo.htm) in full (84,274 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2024-09-11
Quote: “The Cloud Services Business currently serves two customers and accounted for approximately 17% of our revenue in fiscal year 2024.”
confirms Applied Digital S-1 filed 2024-09-11
Quote: “The Cloud Services Business currently serves two customers and accounted for approximately 17% of our revenue in fiscal year 2024.”