SparkPool strategic equity investment and services agreement
Company: Applied Digital
The claim, verbatim
SparkPool is strategic equity investor; provides mining software, hardware selection, analytics, purchasing power, and site engineering/design assistance; transitioning mining pool management to Ethermine; new agreement for company to operate own Ether mining pool
Source (primary)
Applied Digital S-1 filed 2021-11-22 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “SparkPool, GMR, and Bitmain are each strategic equity investors in our company. SparkPool provided us mining software, hardware selection, analytics, and purchasing power. SparkPool also assists us in engineering and designing our sites. SparkPool is currently in the process of shutting down its operations and is assisting us in a transition to a new Ether mining pool manager, Ethermine. We have also entered into a new agreement with SparkPool pursuant to which SparkPool will advise us on operating our own Ether mining pool for our own mining activities”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes each of these SparkPool assertions, including its equity-investor status and the Ethermine transition.
Confirmed in the source:
- SparkPool is a strategic equity investor in the company
- SparkPool provided mining software, hardware selection, analytics, and purchasing power
- SparkPool assists in engineering and designing the company's sites
- SparkPool is transitioning the company to a new Ether mining pool manager, Ethermine
- The company entered a new agreement for SparkPool to advise on operating its own Ether mining pool
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465921142627/tm2132377-8_s1.htm) in full (515,456 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1 filed 2021-11-22
Quote: “SparkPool, GMR, and Bitmain are each strategic equity investors in our company. SparkPool provided us mining software, hardware selection, analytics, and purchasing power. SparkPool also assists us in engineering and designing our sites. SparkPool is currently in the process of shutting down its operations and is assisting us in a transition to a new Ether mining pool manager, Ethermine. We have also entered into a new agreement with SparkPool pursuant to which SparkPool will advise us on operating our own Ether mining pool for our own mining activities”