Second facility ground lease executed
Company: Applied Digital - Project: Garden City
What the later record shows
Not a promise: a reported event · happened April 13, 2022
The claim reports a ground lease already signed on April 13, 2022. The 2024 sale 8-K references the Ground Lease dated April 13, 2022.
“the Ground Lease dated April 13, 2022 between Rattlesnake Den I, as tenant, and EDB, Ltd., a Texas limited liability company, as landlord”
2024-03-14 · Applied Digital 8-K filed 2024-03-15 View cached copy (2026-08-31)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
99-year ground lease in Garden City, Texas for second datacenter facility
Source (primary)
Applied Digital 10-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On April 13, 2022, the Company entered into a 99-year ground lease in Garden City, TX, with the intent to build our second datacenter facility on this site.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states that on April 13, 2022 the company entered into a 99-year ground lease in Garden City, TX, intending to build its second datacenter there.
Confirmed in the source:
- The company entered into a 99-year ground lease in Garden City, Texas
- The lease was for the site of its second datacenter facility
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000162828022023816/apld-20220531.htm) in full (312,378 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2022-08-29
Quote: “On April 13, 2022, the Company entered into a 99-year ground lease in Garden City, TX, with the intent to build our second datacenter facility on this site.”