Marathon Digital Holdings five-year hosting contract
Company: Applied Digital - Project: Ellendale
The claim, verbatim
The Company entered into a five-year hosting contract with Marathon Digital Holdings for 200 MW of mining capacity: 90 MW at the Texas facility and at least 110 MW at the North Dakota second facility, with an option to increase by up to 70 MW 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: “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. As part of this agreement, 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
Checked on September 22, 2026. The cited source supports every part of this claim.
All details of the Marathon contract appear verbatim in the document.
Confirmed in the source:
- The company entered a five-year hosting contract with Marathon Digital Holdings for 200 MW of mining capacity
- 90 MW at the Texas facility and at least 110 MW at the North Dakota second facility
- Option to increase by up to an additional 70 MW in North Dakota
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: “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. As part of this agreement, the Company has also provided Marathon with the option to increase hosting capacity utilizing up to an additional 70 MW in North Dakota”