Applied Digital Corporation (APLD) has released an update.
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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.
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For a comprehensive understanding of the announcement, you can read the full document here.
