Strategic equity partnerships with SparkPool, GMR, and Bitmain
Company: Applied Digital
The claim, verbatim
SparkPool, GMR, and Bitmain are strategic equity investors providing mining management expertise, equipment access, and customer leads; have become customers of hosting operations
Source (primary)
Applied Digital 424B4 filed 2022-04-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We believe that our partnerships with SparkPool, GMR and Bitmain have provided, and certain partners continue to provide, us with a significant competitive advantage... SparkPool, GMR, and Bitmain are each strategic equity investors in our company... GMR, SparkPool and Bitmain have since become customers of our co-hosting operations.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes the equity-investor status, the expertise/equipment-access/leads provided, and their becoming hosting customers.
Confirmed in the source:
- SparkPool, GMR, and Bitmain are strategic equity investors
- They provided mining management expertise (Service Providers assisted in creating mining operations)
- Bitmain provides preferred equipment access and customer leads
- GMR, SparkPool and Bitmain became customers of the co-hosting 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: “We believe that our partnerships with SparkPool, GMR and Bitmain have provided, and certain partners continue to provide, us with a significant competitive advantage... SparkPool, GMR, and Bitmain are each strategic equity investors in our company... GMR, SparkPool and Bitmain have since become customers of our co-hosting operations.”