Five customers with multi-facility hosting agreements
Company: Applied Digital - Project: Garden City
The claim, verbatim
Entered into agreements with five customers (JointHash Holding Limited, Spring Mud, Bitmain Technologies Limited, F2Pool Mining Inc., and Hashing LLC) expected to utilize total available energy at first facility and 85 MW at second facility once constructed
Source (primary)
Applied Digital 424B3 filed 2022-10-11 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We also entered into agreements with five customers (JointHash Holding Limited (a subsidiary of GMR), Spring Mud (a subsidiary of GMR), Bitmain Technologies Limited, F2Pool Mining, Inc. and Hashing LLC, ) which are expected to utilize the total available energy under the Amended and Restated Energy Services Agreement at our first facility and 85MW of energy at our second facility, once it is built and able to provide such energy.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document names all five customers and states they are expected to use the total available energy at the first facility and 85 MW at the second facility once constructed.
Confirmed in the source:
- Applied Blockchain entered into agreements with five customers: JointHash Holding Limited, Spring Mud, Bitmain Technologies Limited, F2Pool Mining Inc., and Hashing LLC
- These five customers are expected to utilize the total available energy at the first facility
- These customers are expected to utilize 85 MW of energy at the second facility once it is built
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487922000048/aplds1finalresaleseptember.htm) in full (349,714 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2022-10-11
Quote: “We also entered into agreements with five customers (JointHash Holding Limited (a subsidiary of GMR), Spring Mud (a subsidiary of GMR), Bitmain Technologies Limited, F2Pool Mining, Inc. and Hashing LLC, ) which are expected to utilize the total available energy under the Amended and Restated Energy Services Agreement at our first facility and 85MW of energy at our second facility, once it is built and able to provide such energy.”