Cloud Services Business Revenue Contribution Guidance
Company: Applied Digital
The claim, verbatim
Cloud Services Business expected to account for approximately 13% or more of revenue in fiscal year 2024
Source (primary)
Applied Digital 424B5 filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Cloud Services Business is expected to account for approximately 13% or more of our revenue in fiscal year 2024.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states this expectation for fiscal year 2024 directly.
Confirmed in the source:
- The Cloud Services Business is expected to account for approximately 13% or more of Applied Digital's revenue in fiscal year 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000167/a06142024ciminitialwarrant.htm) in full (130,571 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-06-17
Quote: “The Cloud Services Business is expected to account for approximately 13% or more of our revenue in fiscal year 2024.”