Applied Digital Corporation (NASDAQ:APLD) Q1 2025 Earnings Conference Call October 9, 2024 5:00 PM ET

Company Participants

Matt Glover – IR, Gateway Group, Inc
Wes Cummins – CEO
David Rench – CFO

Conference Call Participants

Lucas Pipes – B. Riley
Darren Aftahi – ROTH
Rob Brown – Lake Street
Mike Grondahl – Northland Securities
George Sutton – Craig-Hallum
John Todaro – Needham & Company
Michael Davin – H.C. Wainwright
Jon Gruber – Gruber & McBaine

Operator

Good afternoon and welcome to the Applied Digital’s Fiscal First Quarter 2025 Conference Call. My name is Julian and I’ll be your operator for today. Before this call, Applied Digital issued its financial result for the fiscal first quarter ended August 31, 2024, in a press release, a copy of which will be furnished in a report on a Form 8-K, filed with the SEC and will be available in the investor relations section of the company’s website.

Joining us today — on today’s call are Applied Digital’s Chairman and CEO, Wes Cummins; and CFO, David Rench. Following their remarks, we will open the call for questions. Before we begin, Matt Glover from Gateway Group will make a brief introductory statement. Mr. Glover, please proceed.

Matt Glover

For our 2025 conference call, before management begins formal remarks, we would like to remind everyone that some statements we’re making today may be considered forward-looking statements under securities laws and involve a number of risks and uncertainties. As a result, we caution you that there are a number of factors, many of which are beyond our control, which could cause actual results and events to differ materially from those described in the forward-looking statement.

For more detailed risks, uncertainties, and assumptions relating to our forward-looking statements, please see the disclosures in our earnings release and public filings made with

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