Investigation of REIT structure conversion
Company: Applied Digital
The claim, verbatim
Investigating the possibility, costs and benefits of converting to a REIT structure as operations expand
Source (primary)
Applied Digital 10-K filed 2023-08-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We have begun to investigate the possibility, costs and benefits of converting to a REIT structure.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states this verbatim, tied to expanding operations.
Confirmed in the source:
- the Company has begun to investigate the possibility, costs and benefits of converting to a REIT structure
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000176/apld-20230531.htm) in full (291,995 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2023-08-02
Quote: “We have begun to investigate the possibility, costs and benefits of converting to a REIT structure.”