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)
View cached copy (2026-09-13)Live source ↗
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
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states GMR signed for about 50% of the 100MW capacity and provides the described advisory and asset services.
Confirmed in the source:
- GMR signed a contract for approximately 50% of the company's 100MW hosting capacity
- GMR advises on resource distribution using its proprietary algorithm
- GMR provides mining asset selection, asset management and trading services
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465921145539/tm2124821-5_s1a.htm) in full (502,304 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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”