Basic and diluted loss per share:

Three Months Ended

Nine Months Ended

February 28, 2023

February 28, 2022

February 28, 2023

February 28, 2022

Net loss from continuing operations

$

(7,341)

$

(2,397)

$

(38,750)

$

(17,843)

Net loss from discontinued operations, net of income taxes

—

(4,048)

—

(2,870)

Net loss including noncontrolling interests

(7,341)

(6,445)

(38,750)

(20,713)

Net loss attributable to noncontrolling interest

(316)

—

(577)

—

Net loss attributable to Applied Digital Corporation

$

(7,025)

$

(6,445)

$

(38,173)

$

(20,713)

Basic and diluted net (loss) gain per share:

Continuing Operations

$

(0.08)

$

(0.04)

$

(0.41)

$

(0.35)

Discontinued Operations

$

—

$

(0.08)

$

—

$

(0.06)

Basic and diluted net loss per share

$

(0.08)

$

(0.12)

$

(0.41)

$

(0.41)

Basic and diluted weighted average number of shares outstanding

94,119,944

53,396,920

93,545,687

50,546,048