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Applied Digital Tumbles 30% on Revenue Miss; Plans Selling Cloud Computing Unit

The Texas company, which pivoted from crypto mining to high-performance computing, said it will sell its cloud computing business to struggling cloud computing business.

By Krisztian Sandor, AI Boost|Edited by Stephen Alpher

Updated Apr 15, 2025, 5:32 p.m. Published Apr 15, 2025, 3:11 p.m.

Crypto mining machines (lmstockwork/Shutterstock)