Applied Digital Corporation (Nasdaq: APLD) has reported earnings for the fiscal third quarter of 2023, ended February 28, 2023. The company generated revenue of $14.1 million, a growth of 14% from the last quarter. Applied Digital also managed an adjusted EBITDA of $0.9 million, and had an adjusted loss from continuing operations of $1.4 million or adjusted loss per share of $0.01. Applied Digital has been developing next-generation data centres across North America to cater to High Performance Computing ("HPC") applications. The company anticipates energization of the first half of a 180-Megawatt ("MW") facility in Ellendale, North Dakota, by the end of April and the remaining to be turned on before June. Findings suggest a continued demand for services from both traditional customers and emerging HPC markets, this validates Applied Digital’s position as leading digital infrastructure providers to serve different hosting needs. The company recognizes the cryptocurrency market as a segment of its target market and is currently working toward having a diversified customer base in line with the growing HPC markets segment, which is expected to deliver long-term, high-margin, sustainable cash flow.