Applied Digital says Ellendale facility suffered complete outage, remains down

In a regulatory filing after the market close on Friday, Applied Digital disclosed: “On January 18, 2024, we began experiencing a power outage at our Ellendale datacenter hosting facility, resulting in a complete outage by January 19, 2024. This complete power outage is currently ongoing as our electricity provider is performing upgrades to ensure stability of our electrical supply. The financial impact of the outage was unknown at the time it occurred. Management has since been able to assess this matter and, as of February 6, 2024, has determined that revenues from this facility will be materially impacted by this outage for the quarter-ending February 29, 2024; however, management cannot be certain of the exact amount of that impact at this time. Management expects this facility to be online again during February 2024.”