GPU Deployment Progress
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened February 29, 2024
The claim reports GPU receipts and deployments that had already happened by February 2024, and a later filing restates the same figures.
“By February 2024, the Company had received 4,092 GPUs, deployed a total of 3,072 GPUs and began recognizing revenue from our first and second cloud services contract.”
2024-07-08 · Applied Digital 424B5 filed 2024-07-09 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
By February 2024, received 4,092 GPUs and deployed 3,072 GPUs with revenue recognition from first and second cloud services contracts
Source (primary)
Applied Digital 424B5 filed 2024-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “By February 2024, the Company had received 4,092 GPUs, deployed a total of 3,072 GPUs and began recognizing revenue from our first and second cloud services contract.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The document states the GPU counts received and deployed by February 2024 and that revenue recognition had begun from the first and second cloud services contracts.
Confirmed in the source:
- By February 2024, Applied Digital had received 4,092 GPUs
- By February 2024, Applied Digital had deployed a total of 3,072 GPUs
- By February 2024, Applied Digital had begun recognizing revenue from its first and second cloud services contracts
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000132/preferredcapitalprospectus.htm) in full (178,920 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-05-17
Quote: “By February 2024, the Company had received 4,092 GPUs, deployed a total of 3,072 GPUs and began recognizing revenue from our first and second cloud services contract.”