jain.com
The Analysis · Companies · People · Methodology

Joint venture with GMR Limited for Highland Digital Holdings

Company: Applied Digital

Subject kind
partnership
Statement date
2023-04-05
Current status
stated

The claim, verbatim

Entered into joint venture agreement with GMR Limited to form Highland Digital Holdings LLC with 50% ownership stake each to potentially acquire mining hardware and digital infrastructure assets

Source (primary)

Applied Digital 10-Q filed 2023-04-06 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “On September 1, 2022, Company entered into a joint venture agreement with GMR Limited ("GMR") to form Highland Digital Holdings, LLC ("Highland Digital"), which may acquire mining hardware and digital infrastructure assets. The Company and GMR each have a 50 % ownership stake in Highland Digital.”

How we checked this

Attempted on September 21, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000101/apld-20230228.htm) in full (109,487 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 10-Q filed 2023-04-06

Quote: “On September 1, 2022, Company entered into a joint venture agreement with GMR Limited ("GMR") to form Highland Digital Holdings, LLC ("Highland Digital"), which may acquire mining hardware and digital infrastructure assets. The Company and GMR each have a 50 % ownership stake in Highland Digital.”

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