Garden City, TX ground lease
Company: Applied Digital - Project: Garden City
What the later record shows
Not a promise: a reported event · happened April 13, 2022
The claim reports a ground lease already signed on April 13, 2022. The 2024 sale 8-K references the Ground Lease dated April 13, 2022.
“the Ground Lease dated April 13, 2022 between Rattlesnake Den I, as tenant, and EDB, Ltd., a Texas limited liability company, as landlord”
2024-03-14 · Applied Digital 8-K filed 2024-03-15 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Entered into 99-year ground lease in Garden City, TX on April 13, 2022 to build second datacenter facility
Source (primary)
Applied Digital 424B3 filed 2023-05-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On April 13, 2022, the Company entered into a 99-year ground lease in Garden City, TX, with the intent to build our second datacenter facility on this site.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus states the lease date, its 99-year term, its location, and its purpose.
Confirmed in the source:
- On April 13, 2022, Applied Digital entered into a 99-year ground lease in Garden City, Texas
- The lease was entered into with the intent to build the company's second datacenter facility on that site
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000135/apld-424b3finalprospectus0.htm) in full (53,674 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 April 13, 2022, the Company entered into a 99-year ground lease in Garden City, TX, with the intent to build our second datacenter facility on this site.”