Two Cloud Services customers

Subject kind: customer
Statement date: 2024-10-21
Promised amount: 2.0 customers
Current status: stated

The claim, verbatim

Applied Digital's Cloud Services Business serves two customers

Source (primary)

ARS (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗

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 10-K states the Cloud Services Business currently serves two customers.

Confirmed in the source:

Applied Digital's Cloud Services Business serves two customers

What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001493152-24-042124/ars.pdf) in full (721,673 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms ARS

Quote: “The Cloud Services Business currently serves two customers and accounted for approximately 17% of our revenue in fiscal year 2024”

View cached copy (2026-09-01)Live source ↗Archive.org ↗

Record of changes

September 2, 2026 — stated

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.

October 9, 2026 — stated

Review. statement_date 2026-09-01 was the source's retrieval date; source published 2024-10-21.