Cessation of all cryptocurrency mining operations
Company: Applied Digital
The claim, verbatim
Ceased all cryptocurrency mining operations and completed sale of all mining equipment in service on March 9, 2022, with no plans to return to mining operations
Source (primary)
Applied Digital 424B4 filed 2022-04-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On March 9, 2022 we ceased all crypto mining operations and completed the sale of all crypto mining equipment in service. We have no plans to return to crypto mining operations in the future.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus states that on March 9, 2022 the company ceased all crypto mining, sold all mining equipment in service, and has no plans to return to mining.
Confirmed in the source:
- On March 9, 2022, Applied Blockchain ceased all crypto mining operations
- On March 9, 2022, the company completed the sale of all crypto mining equipment in service
- The company stated it has no plans to return to crypto mining operations
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922045562/tm2132377-25_424b4.htm) in full (528,650 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B4 filed 2022-04-13
Quote: “On March 9, 2022 we ceased all crypto mining operations and completed the sale of all crypto mining equipment in service. We have no plans to return to crypto mining operations in the future.”
confirms Applied Digital 424B3 filed 2022-04-13
Quote: “On March 9, 2022, we ceased all crypto mining operations and completed the sale of all crypto mining equipment in service. We have no plans to return to crypto mining operations in the future.”