Marathon Digital Holdings contract
Company: Applied Digital - Project: Jamestown
What the later record shows
Not a promise: a reported event · happened July 12, 2022
The claim reports a contract that was already signed on July 12, 2022, plus Marathon's later 39.6 MW addition at Jamestown. Both facts are restated in later filings.
“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.”
2023-04-05 · Applied Digital 10-Q filed 2023-04-06 View cached copy (2026-09-13)Live source ↗
“Marathon has subsequently added 39.6 MW of additional capacity at the Company’s Jamestown, North Dakota facility.”
2023-04-05 · Applied Digital 10-Q filed 2023-04-06 View cached copy (2026-09-13)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
Five-year hosting contract with Marathon for 270 MW (90 MW Texas, 180 MW North Dakota) plus additional 39.6 MW 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 October 11, 2026. The cited source supports every part of this claim.
The prospectus states each element: the five-year term, the 270 MW total, the 90/180 MW split, and the later 39.6 MW addition at Jamestown.
Confirmed in the source:
- Applied Digital entered into a five-year hosting contract with Marathon Digital Holdings
- The contract covers 270 MW of mining capacity
- The capacity is split as 90 MW at the company's Texas facility and 180 MW at its second North Dakota facility
- Marathon subsequently added 39.6 MW of additional capacity at the Jamestown, North Dakota facility
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 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.”