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
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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.”