Strategic services agreement with GMR, SparkPool, and Valuefinder
Company: Applied Digital
The claim, verbatim
Services agreement for cryptoasset mining management, analysis, and equipment procurement with issuance of 7,440,148 shares to GMR, 7,440,148 shares to SparkPool, and 3,156,426 shares to Valuefinder
Source (primary)
Applied Digital 10-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Pursuant to the Services Agreement, the Service Providers agreed to provide cryptoasset mining management and analysis and to assist us in securing difficult to obtain equipment and we agreed to issue 7,440,148 shares of our common stock to GMR or its designees, 7,440,148 shares of our common stock to SparkPool or its designees and 3,156,426 shares of our common stock to Valuefinder or its designees.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states all three share amounts and the purpose of the Services Agreement.
Confirmed in the source:
- Services agreement for cryptoasset mining management, analysis and equipment procurement
- Issuance of 7,440,148 shares to GMR
- Issuance of 7,440,148 shares to SparkPool
- Issuance of 3,156,426 shares to Valuefinder
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: “Pursuant to the Services Agreement, the Service Providers agreed to provide cryptoasset mining management and analysis and to assist us in securing difficult to obtain equipment and we agreed to issue 7,440,148 shares of our common stock to GMR or its designees, 7,440,148 shares of our common stock to SparkPool or its designees and 3,156,426 shares of our common stock to Valuefinder or its designees.”