Jamestown facility 100% operating capacity milestone
Company: Applied Digital - Project: Jamestown
The claim, verbatim
Company must demonstrate 100% intended operating capacity at Jamestown, North Dakota hosting facility to access final $3 million loan disbursement
Source (primary)
Applied Digital 8-K filed 2022-08-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The remaining 20% balance of this Loan shall be available for advance following Borrower's proof of 100% intended operating capacity of its Jamestown, North Dakota hosting facility”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document ties the remaining $3 million (20%) advance to proof of 100% intended operating capacity of the Jamestown facility.
Confirmed in the source:
- The company must show proof of 100% intended operating capacity of the Jamestown, North Dakota hosting facility to access the remaining 20% ($3 million) of the loan
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000162828022022599/apld-20220725.htm) in full (6,667 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2022-08-12
Quote: “The remaining 20% balance of this Loan shall be available for advance following Borrower's proof of 100% intended operating capacity of its Jamestown, North Dakota hosting facility”