Marathon Digital Holdings hosting contract
Company: Applied Digital - Project: Ellendale
The claim, verbatim
Five-year hosting contract with Marathon Digital Holdings for 270 MW of mining capacity (90 MW at Texas facility, 180 MW at North Dakota facility), with additional 39.6 MW subsequently added at Jamestown
Source (primary)
Applied Digital 424B3 filed 2023-05-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On July 12, 2022, the Company entered into a five-year hosting contract with Marathon Digital Holdings, Inc. ("Marathon") for 270 MW of mining capacity. Marathon has subsequently added 39.6 MW of additional capacity at the Company's Jamestown, North Dakota facility.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document sets out the Marathon five-year 270 MW contract, the 90 MW/180 MW split, and the added 39.6 MW at Jamestown.
Confirmed in the source:
- Applied Digital entered a five-year hosting contract with Marathon Digital Holdings on July 12, 2022 for 270 MW of mining capacity
- 90 MW is at the Texas facility and 180 MW at the second North Dakota facility
- Marathon subsequently added 39.6 MW at the Jamestown, North Dakota facility
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000134/apld-424b3finalprospectus0.htm) in full (53,370 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2023-05-16
Quote: “On July 12, 2022, the Company entered into a five-year hosting contract with Marathon Digital Holdings, Inc. ("Marathon") for 270 MW of mining capacity. Marathon has subsequently added 39.6 MW of additional capacity at the Company's Jamestown, North Dakota facility.”