Five customers for first facility and 85 MW at second facility
Company: Applied Digital - Project: Garden City
The claim, verbatim
Agreements with five customers (JointHash, Spring Mud, Bitmain, F2Pool, Hashing LLC) to utilize full 100 MW at first facility and 85 MW at second facility once built
Source (primary)
Applied Digital 10-K filed 2022-08-29 (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 five named customers and the 85 MW second-facility figure are stated in the document.
Confirmed in the source:
- Applied Blockchain entered agreements with five customers: JointHash, Spring Mud, Bitmain, F2Pool Mining, and Hashing LLC
- These customers are expected to use the full available energy at the first facility and 85 MW at the second facility once built
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: “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.”