Crypto mining customer base
Company: Applied Digital
The claim, verbatim
Company serves 7 crypto mining customers with 3-5 year contracts, generating 83% of revenue
Source (primary)
Applied Digital 10-K filed 2024-08-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “We currently serve seven crypto mining customers, all of which have entered into contracts with us ranging from three to five years. This business segment accounts for the majority of the revenue we generate from our operations (approximately 83% for the fiscal year ended May 31, 2024).”
How we checked this
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Additional evidence
confirms Applied Digital 10-K filed 2024-08-30
Quote: “We currently serve seven crypto mining customers, all of which have entered into contracts with us ranging from three to five years. This business segment accounts for the majority of the revenue we generate from our operations (approximately 83% for the fiscal year ended May 31, 2024).”