Applied Digital Reports Tonight — Backlog Booms While Balance Sheet Bleeds
Applied Digital shold report Q4 results with $36 billion in contracted lease revenue and $2.7 billion in debt.
Applied Digital has tons of customers who promised to pay them money in the future (that's really good!), but the company also owes a lot of money to banks right now (that's something to watch). When a company grows super fast, it sometimes spends a lot before the money comes in.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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