GMR strategic equity investment and hosting contract
Company: Applied Digital - Project: Jamestown
The claim, verbatim
GMR is strategic equity investor; provides mining advice via proprietary algorithm, asset selection, asset management and trading services; signed hosting contract for approximately 50% of 100 MW first facility capacity
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. GMR has also been a proponent of our hosting strategy, having signed a contract for approximately 50% of our 100MW capacity as part of our hosting operation under development.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes GMR's equity stake, its advisory and trading services, and its contract for roughly 50% of the 100MW capacity.
Confirmed in the source:
- GMR is a strategic equity investor in the company
- GMR advises on resource distribution based on its proprietary algorithm
- GMR provides mining asset selection, asset management, and trading services
- GMR signed a hosting contract for approximately 50% of the 100MW first-facility capacity
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. GMR has also been a proponent of our hosting strategy, having signed a contract for approximately 50% of our 100MW capacity as part of our hosting operation under development.”