Applied Digital reported fiscal first-quarter 2027 consolidated revenue of $341.9 million, up 322% from a year earlier, as its HPC Hosting business expanded and tenant fit-out activity increased. Services revenue reached $262.8 million, while data-center rental and other revenue contributed $79.1 million. ChronoScale added $23 million from GPU hardware sales, and adjusted revenue excluding ChronoScale rose to approximately $300.4 million from $64.2 million, exceeding an analyst consensus estimate of $111.19 million. Adjusted loss was $0.01 per share, narrower than the $0.27 loss expected by analysts. Adjusted EBITDA increased to $64.4 million from $0.5 million, while net operating income reached $58.8 million. Net loss attributable to common stockholders was $221.0 million, or $0.76 per diluted share, compared with $18.5 million, or $0.07 per share, a year earlier. Total costs and expenses rose to $404.3 million from $90.7 million as the company increased spending to prepare data centers for customers, expanded stock-based compensation and incurred higher interest costs. Polaris Forge 1 reached 250 MW of live capacity, while leases covered approximately 1.41 gigawatts across five campuses and represented about $36 billion of contracted base-term revenue. Applied Digital ended August with approximately $3.7 billion in cash and restricted cash and $6.4 billion of debt. Shares closed at $23.81, down 6.04%, before rising 1.9% in after-hours trading.