BRIEF-Applied Digital Corp Ellendale Facility Is Currently Operating At About 80 MW

Reuters04-29

April 29 (Reuters) - Applied Digital Corp :

* APPLIED DIGITAL CORP: ELLENDALE FACILITY IS CURRENTLY OPERATING AT APPROXIMATELY 80 MW

* APPLIED DIGITAL CORP: CONTINUES TO ACCELERATE RESTORING CAPACITY AT ITS ELLENDALE DATA CENTER HOSTING FACILITY

* APPLIED DIGITAL CORP: EXPECTS TO CONTINUE TO RAMP CAPACITY AHEAD OF SCHEDULE AS REPORTED IN ITS EARNINGS RELEASE FILED ON APRIL 11

* APPLIED DIGITAL CORP: CONFIRMS THAT IT EXPECTS ELLENDALE FACILITY TO BE OPERATING AT 65% TO 75% OF CAPACITY BY END OF ITS CURRENT FISCAL YEAR

* APPLIED DIGITAL CORP: REDUCED CAPACITY HAS NO IMPACT ON OUR HPC HOSTING DATA CENTERS UNDER CONSTRUCTION

* APPLIED DIGITAL CORP: REDUCED CAPACITY ALSO HAS NO IMPACT ON OUR CLOUD SERVICES BUSINESS

* APPLIED DIGITAL: ESTIMATES IMPACT OF DOWNTIME ON REVENUES WILL CONTINUE TO BE MATERIAL UNTIL ALL TRANSFORMERS NOT MEETING INDUSTRY STANDARDS REPLACED

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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