GMR hosting contract and advisory services
Company: Applied Digital - Project: Jamestown
The claim, verbatim
GMR signed contract for approximately 50% of 100MW hosting capacity; provides advisory services on resource distribution using proprietary algorithm and mining asset management and trading services
Source (primary)
Applied Digital S-1/A filed 2021-12-01 (SEC EDGAR, sec_filing)
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Quote: “GMR has deep crypto mining experience, in particular with Ether and Bitcoin, and advises us, based on its proprietary algorithm, as to distribution of our resources among different cryptoassets to optimize our mining activities in real-time. GMR also provides us with mining asset selection, asset management and trading services. GMR has also been a proponent of our hosting strategy, having signed a contract for approximately 50% of our 100MW capacity”
How we checked this
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Additional evidence
confirms Applied Digital S-1/A filed 2021-12-01
Quote: “GMR has deep crypto mining experience, in particular with Ether and Bitcoin, and advises us, based on its proprietary algorithm, as to distribution of our resources among different cryptoassets to optimize our mining activities in real-time. GMR also provides us with mining asset selection, asset management and trading services. GMR has also been a proponent of our hosting strategy, having signed a contract for approximately 50% of our 100MW capacity”