Cash and restricted cash holdings
Company: Applied Digital
The claim, verbatim
Applied Digital held $1.592 billion of unrestricted cash and $2.381 billion of restricted cash as of 31 May 2026
Source (primary)
Hut 8 vs Applied Digital and Why 96 Percent of Hut 8's AI Revenue Is Internal - Phemex (-, news_article)
View cached copy (2026-09-23)Live source ↗
Quote: “It held $1.592 billion of unrestricted cash and $2.381 billion of restricted cash at 31 May 2026”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article states both cash figures as of 31 May 2026.
Confirmed in the source:
- Applied Digital held $1.592 billion of unrestricted cash at 31 May 2026
- Applied Digital held $2.381 billion of restricted cash at 31 May 2026
What we did: Read our cached copy of the publisher (https://phemex.com/academy/hut-8-vs-applied-digital-ai-revenue) in full (15,917 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 vs Applied Digital and Why 96 Percent of Hut 8's AI Revenue Is Internal - Phemex
Quote: “It held $1.592 billion of unrestricted cash and $2.381 billion of restricted cash at 31 May 2026”