Letter of intent for Texas facility development
Company: Applied Digital - Project: Garden City
The claim, verbatim
Letter of intent dated November 24, 2021 to develop facility in Texas with 200MW of wind power, subject to definitive agreements
Source (primary)
Applied Digital S-1/A filed 2022-03-28 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On November 24, 2021, we entered into a letter of intent to develop a facility in Texas with 200MW of wind power. The arrangement is subject to entry into definitive agreements by the parties”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the November 24, 2021 letter of intent for a 200MW wind-powered Texas facility subject to definitive agreements.
Confirmed in the source:
- On November 24, 2021, Applied Blockchain entered into a letter of intent to develop a facility in Texas with 200MW of wind power
- The arrangement is subject to entry into definitive agreements
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922038717/tm2124821-24_s1a.htm) in full (566,257 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1/A filed 2022-03-28
Quote: “On November 24, 2021, we entered into a letter of intent to develop a facility in Texas with 200MW of wind power. The arrangement is subject to entry into definitive agreements by the parties”