What is Applied Digital's mining segment — cryptoassets?

Applied Digital (APLD) reported mining segment — cryptoassets of $0 in Q1 2022.

What does mining segment — cryptoassets mean?

The total value of cryptocurrency assets currently held by the mining segment.

How do you interpret mining segment — cryptoassets?

An increase indicates accumulation of assets, while a decrease suggests liquidation or market value depreciation.

How does mining segment — cryptoassets compare across companies?

Commonly reported by all public mining companies as part of their treasury and inventory management.

Applied Digital APLD Mining Segment — Cryptoassets

Discontinued — last reported Q4 '22

Similar metrics at other companies

CORZDigital asset mining income — Property, plant, and equipment, fair value

$60.5M—

CORZDigital asset mining income — Property, plant and equipment, net

$119.8M—

FLRMining & Industrial — Total Assets

$508.5M-14.5%

AAMining — Assets Current

$3M-25.0%

CORZMining Segment — Revenue

$112.17M+50.6%

CIFRBitcoin Mining — Change in Fair Value of Derivative Asset

-$15.48M-170%

Other financials

Income statement

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Revenue$126.6M+139%

Gross profit$53.8M+1,323%

Operating income-$85.7M-352%

Net income-$70.6M-98.4%

EPS (diluted)-$0.36-125%

Balance sheet

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Cash & equivalents$2.1B+707%

Total debt$2.8B+525%

Total equity$1.6B+248%

Total assets$6.2B+266%

Cash flow

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Operating cash flow-$15.8M+69.7%

CapEx$775.2M+201%

Free cash flow-$720.2M-186%

Valuation

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Market cap$13.31B+328%

Enterprise value$13.99B+322%

P/S39.4×+17.0×

Profitability

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Gross margin34.4%+5.9pp

Operating margin-44.2%—

Net margin-45.7%-19.4pp

FCF margin-536.3%+40.8pp

Returns & leverage

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Return on equity-15.2%-6.8pp

Debt / equity1.8×+0.8×

Current ratio2.4×+1.7×

Where this comes from

Reported directly by Applied Digital in its filing.

Tagged under the XBRL concept us-gaap:DisposalGroupIncludingDiscontinuedOperationIntangibleAssets.

The official record: Applied Digital’s 10-K, filed August 29, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Digital's mining segment — cryptoassets?: Applied Digital (APLD) reported mining segment — cryptoassets of $0 in Q1 2022.
What does mining segment — cryptoassets mean?: The total value of cryptocurrency assets currently held by the mining segment.
How do you interpret mining segment — cryptoassets?: An increase indicates accumulation of assets, while a decrease suggests liquidation or market value depreciation.
How does mining segment — cryptoassets compare across companies?: Commonly reported by all public mining companies as part of their treasury and inventory management.