Mining equipment acquisition for Q4 2021
Company: Applied Digital
What the later record shows
Outcome not yet confirmed · happened March 9, 2022
The first facility only came online on February 2, 2022, after Q4 2021. The company then ceased all mining on March 9, 2022 and said any remaining equipment that was not online or not yet delivered would be sold rather than used.
“However, the equipment is either not online or was previously purchased but has yet to be delivered. We intend to sell this equipment as soon as possible”
2022-04-11 · Applied Digital S-1/A filed 2022-04-12 View cached copy (2026-09-13)Live source ↗
“On March 9, 2022, we ceased all crypto mining operations and completed the sale of all crypto mining equipment in service.”
2022-04-11 · Applied Digital S-1/A filed 2022-04-12 View cached copy (2026-09-13)Live source ↗
“Construction of our first co-hosting facility began in September 2021. On February 2, 2022, we brought our first facility online.”
2024-04-29 · Applied Digital 424B5 filed 2024-04-30 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Additional mining equipment ordered; expected delivery and installation in Q4 2021 at first co-hosting facility
Source (primary)
Applied Digital S-1 filed 2021-11-22 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We have ordered additional mining equipment, which we expect to be delivered and installed in the fourth quarter of calendar year 2021 in our first co-hosting facility which is currently under construction.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing directly states that additional mining equipment was ordered and expected to be delivered and installed in Q4 2021 at the first co-hosting facility under construction.
Confirmed in the source:
- Applied Blockchain ordered additional mining equipment
- The company expected this equipment to be delivered and installed in the fourth quarter of calendar year 2021
- The equipment was to be installed at the company's first co-hosting facility, then under construction
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: “We have ordered additional mining equipment, which we expect to be delivered and installed in the fourth quarter of calendar year 2021 in our first co-hosting facility which is currently under construction.”