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
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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”