Applied Digital Corporation (APLD) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
A power outage at the Ellendale datacenter on January 18, 2024, has led to significant disruptions, with the facility going completely offline by January 19. This incident is expected to materially impact the revenues for the quarter-ending February 29, 2024, although the precise financial effects are yet to be ascertained. Management anticipates the datacenter to resume operations within February. These developments are forward-looking statements subject to uncertainties, including market volatility and regulatory changes, which could affect the company’s projected outcomes.
For further insights into APLD stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
