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SparkPool services and advisory agreement

Company: Applied Digital

This claim was withdrawn on September 14, 2026. The March 2021 agreement and the 7,440,148-share issuance to SparkPool are supported, but the claim implies all shares were forfeited, while the source says only 4,965,432 were forfeited and lists Xsquared Holding Limited as still holding 2,474,716 shares.

How this was decided: Evidence review against the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
partnership
Statement date
2023-05-15
Promised amount
7440148.0 shares
Current status
withdrawn

The claim, verbatim

Executed strategy and portfolio advisory services agreement in March 2021 with SparkPool for cryptoasset mining management and equipment procurement, issuing 7,440,148 shares (forfeited June 2, 2022)

Source (primary)

Applied Digital 424B3 filed 2023-05-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “In March 2021, we executed a strategy planning and portfolio advisory services agreement... with... Xsquared Holding Limited, a British Virgin Island limited liability company ("SparkPool")... we agreed to issue 7,440,148 shares of Common Stock to SparkPool or its designees. On June 2, 2022, SparkPool forfeited 4,965,432 shares of Common Stock back to us.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Applied Digital 424B3 filed 2023-05-16

Quote: “In March 2021, we executed a strategy planning and portfolio advisory services agreement... with... Xsquared Holding Limited, a British Virgin Island limited liability company ("SparkPool")... we agreed to issue 7,440,148 shares of Common Stock to SparkPool or its designees. On June 2, 2022, SparkPool forfeited 4,965,432 shares of Common Stock back to us.”

View cached copy (2026-09-13)Live source ↗

Record of changes

September 13, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 14, 2026 — withdrawn
Evidence review against the cited source. The March 2021 agreement and the 7,440,148-share issuance to SparkPool are supported, but the claim implies all shares were forfeited, while the source says only 4,965,432 were forfeited and lists Xsquared Holding Limited as still holding 2,474,716 shares.