Reported Earlier, Applied Digital Corp's Unit Entered Into Agreement With Second AI Customer Worth Up To $460M Over A 36-Month Period; Conducted Internal Investigation Into Threat Of Sexual Harassment Claim By Co's Chief Marketing Officer
Portfolio Pulse from Benzinga Newsdesk
Applied Digital Corp's unit has entered into an agreement with a second AI customer worth up to $460 million over a 36-month period. The company has also conducted an internal investigation into a sexual harassment claim against its Chief Marketing Officer.
June 23, 2023 | 6:20 pm
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Applied Digital Corp's unit secures a $460 million AI deal, potentially boosting revenues. However, a sexual harassment claim against the CMO may negatively impact the company's reputation.
The $460 million AI deal is likely to have a positive impact on Applied Digital Corp's revenues and growth prospects. However, the sexual harassment claim against the CMO could negatively affect the company's reputation and investor sentiment, potentially offsetting the positive news.
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