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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Revenue:    
Total revenue $ 36,323 $ 6,924
Costs and expenses:    
Cost of revenues 24,398 6,093
Selling, general and administrative 17,052 5,008
Total costs and expenses 41,450 11,101
Operating loss (5,127) (4,177)
Interest Expense 2,074 356
Loss on extinguishment of debt 2,353 94
Loss from legal settlement 2,300 0
Net loss before income tax expenses (11,854) (4,627)
Income tax expense 0 32
Net loss (11,854) (4,659)
Net loss attributable to noncontrolling interest (397) (128)
Net loss attributable to Applied Digital Corporation $ (11,457) $ (4,531)
Basic and diluted net (loss) gain per share:    
Basic net loss per share (in dollars per share) $ (0.12) $ (0.05)
Diluted net loss per share (in dollars per share) $ (0.12) $ (0.05)
Basic weighted average number of shares outstanding (in shares) 100,521,673 93,105,835
Diluted weighted average number of shares outstanding (in shares) 100,521,673 93,105,835
Hosting revenue | Nonrelated Party    
Revenue:    
Total revenue $ 29,987 $ 4,338
Hosting revenue | Related Party    
Revenue:    
Total revenue 4,184 2,586
Cloud services revenue    
Revenue:    
Total revenue $ 2,152 $ 0