Five customer hosting agreements
Company: Applied Digital - Project: Garden City
The claim, verbatim
Applied Digital entered into agreements with JointHash Holding Limited, Spring Mud, Bitmain Technologies Limited, F2Pool Mining Inc, and Hashing LLC. These customers are expected to utilize the total available energy at the first facility and 85 MW at the second facility.
Source (primary)
Applied Digital 424B3 filed 2022-09-27 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We 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 the five customers and states their expected energy utilization at both facilities.
Confirmed in the source:
- APLD entered into agreements with five customers: JointHash Holding Limited, Spring Mud, Bitmain Technologies Limited, F2Pool Mining, Inc. and Hashing LLC
- These customers are expected to utilize the total available energy at the first facility and 85 MW at the second facility
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487922000044/a9262022424b3finalprospect.htm) in full (350,225 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2022-09-27
Quote: “We 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.”