Relocation of mining operations due to Chinese regulatory changes
Company: Applied Digital
The claim, verbatim
Decided to locate mining hardware in North America due to changes in Chinese regulations affecting cryptoasset mining businesses and uncertain regulatory climate; China subsequently began crackdown on mining facilities across country
Source (primary)
Applied Digital S-1/A filed 2021-12-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “As a result of changes to Chinese regulations of cryptoasset mining businesses and the uncertain regulatory climate in China surrounding cryptoasset mining operations, we decided to locate our mining hardware in North America. Shortly after that, China began its crackdown on mining facilities in locations across the country.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states verbatim that changes to Chinese regulations and the uncertain climate led the company to locate hardware in North America, and that China subsequently began cracking down on mining facilities across the country.
Confirmed in the source:
- The company decided to locate its mining hardware in North America as a result of changes to Chinese regulations and the uncertain regulatory climate surrounding cryptoasset mining in China
- Shortly after, China began its crackdown on mining facilities in locations across the country
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: “As a result of changes to Chinese regulations of cryptoasset mining businesses and the uncertain regulatory climate in China surrounding cryptoasset mining operations, we decided to locate our mining hardware in North America. Shortly after that, China began its crackdown on mining facilities in locations across the country.”