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”
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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”