Second facility letter of intent
Company: Applied Digital - Project: Garden City
What the later record shows
Not a promise: a reported event · happened November 24, 2021
The claim reports a letter of intent already signed on November 24, 2021, before the statement date. Later filings restate the same date.
“On November 24, 2021, we entered into a letter of intent to develop a second datacenter facility in Garden City, Texas.”
2023-08-01 · Applied Digital 10-K filed 2023-08-02 View cached copy (2026-09-13)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
Entered into letter of intent to develop 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 November 24, 2021, we entered into a letter of intent to develop a second datacenter facility.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K states that the company entered into this letter of intent on November 24, 2021.
Confirmed in the source:
- Applied Blockchain entered into a letter of intent to develop a second datacenter facility (dated November 24, 2021)
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 November 24, 2021, we entered into a letter of intent to develop a second datacenter facility.”