Marathon Digital five-year hosting contract
Company: Applied Digital - Project: Ellendale
The claim, verbatim
Entered into five-year hosting contract with Marathon Digital on July 12, 2022 for 200 MW total: 90 MW at Texas facility and at least 110 MW at North Dakota facility, with option for up to 70 MW additional in North Dakota
Source (primary)
Applied Digital 10-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “on July 12, 2022, the Company entered into a five-year hosting contract with Marathon Digital Holdings, Inc. ("Marathon") for 200 MW of mining capacity. As a result of this arrangement, the Company will supply Marathon with 90 MW of hosting capacity at its facility in Texas and at least 110 MW of hosting capacity at its second facility in North Dakota... the Company has also provided Marathon with the option to increase hosting capacity utilizing up to an additional 70 MW in North Dakota”
How we checked this
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Additional evidence
confirms Applied Digital 10-K filed 2022-08-29
Quote: “on July 12, 2022, the Company entered into a five-year hosting contract with Marathon Digital Holdings, Inc. ("Marathon") for 200 MW of mining capacity. As a result of this arrangement, the Company will supply Marathon with 90 MW of hosting capacity at its facility in Texas and at least 110 MW of hosting capacity at its second facility in North Dakota... the Company has also provided Marathon with the option to increase hosting capacity utilizing up to an additional 70 MW in North Dakota”