In a regulatory filing last night, Applied Digital Corporation disclosed: “On February 13, 2024, Applied Digital Corporation was informed that Wind Energy Transmission of Texas, who services the Company’s Garden City datacenter hosting facility, would begin to perform maintenance work on a nearby transmission switching station. On February 14, 2024, the company’s Garden City facility was de-energized to accommodate WETT’s maintenance work safely. No maintenance work or repairs are required at the company’s datacenter hosting facility. The outage is currently expected to last three days while the overall maintenance activities are expected to last up to two weeks. While the current impact to revenues is not material, management believes that the impact to revenues could be material for the quarter ending February 29, 2024 if the outage lasts significantly longer than the current expectation of three days. The outage has no impact on our HPC hosting datacenters under construction, which are being designed to provide higher levels of availability in accordance with industry standards. The outage also has no impact on our Cloud services business as those services are provided using third-party facilities.” The company also stated that as previously disclosed, on January 18, 2024, the company began experiencing a power outage at our Ellendale datacenter hosting facility, resulting in a complete outage by January 19, 2024. “As of February 15, 2024, the required upgrades to ensure stability of our electrical supply were completed by our electricity provider and the facility is now re-energized. The outage had no impact on our HPC hosting datacenters under construction, which are being designed to provide higher levels of availability in accordance with industry standards. The outage also had no impact on our Cloud services business as those services are provided using third-party facilities.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on APLD:
- Applied Digital’s Datacenter Outages Amidst Ongoing Upgrades
- 3 Best Stocks to Buy Now, 2/13/2024, According to Top Analysts
- Applied Digital says Ellendale facility suffered complete outage, remains down
- Lake Street says Applied Digital power outage ‘disappointing’ ‘growing pains’
- Applied Digital joins AI Alliance to advance responsible AI