Future GPU Acquisition Plans
Company: Applied Digital
The claim, verbatim
Plans to acquire and deploy additional GPUs as Cloud Services operations ramp up with expectations to increase revenue and percentage of revenue from Cloud Services Business
Source (primary)
Applied Digital 424B5 filed 2024-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “As we ramp up operations in this business segment, we expect to acquire and deploy additional GPUs, increase revenue from the Cloud Services Business and increase the percentage of our revenue produced by our Cloud Services Business.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states that as the segment ramps up, the company expects to acquire and deploy more GPUs and to grow both Cloud Services revenue and its share of total revenue.
Confirmed in the source:
- As Cloud Services operations ramp up, the company expects to acquire and deploy additional GPUs
- The company expects to increase revenue from the Cloud Services Business
- The company expects to increase the percentage of its revenue produced by the Cloud Services Business
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: “As we ramp up operations in this business segment, we expect to acquire and deploy additional GPUs, increase revenue from the Cloud Services Business and increase the percentage of our revenue produced by our Cloud Services Business.”