Initial hosting customers capacity commitments
Company: Applied Digital - Project: Jamestown
The claim, verbatim
The Company has entered into contracts with JointHash Holding Limited, Spring Mud LLC, Bitmain Technologies Limited, F2Pool Mining Inc., and Hashing LLC to utilize the first facility and 85 MW of power at the second facility once constructed and operational
Source (primary)
Applied Digital 10-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We 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 constructed and operational.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document names all five customers for the first facility and states they agreed to use an additional 85 MW at the second facility once constructed and operational, matching every assertion.
Confirmed in the source:
- The Company entered into contracts with five customers - JointHash Holding Limited, Spring Mud LLC, Bitmain Technologies Limited, F2Pool Mining Inc., and Hashing LLC - to utilize its first co-hosting facility
- These customers agreed to use an additional 85 MW of power at the second facility once it is constructed and operational
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 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 constructed and operational.”