Cryptocurrency asset acquisition fund launched
Company: Applied Digital
The claim, verbatim
Launched fund of up to $100 million targeting distressed cryptocurrency asset acquisitions in 50/50 joint venture with GMR Limited, managed by Highland Digital
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Launched an independent fund of up to $100 million targeting distressed cryptocurrency asset acquisitions in a 50/50 joint venture with GMR Limited to be managed by a newly formed entity, "Highland Digital"”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release's highlights state each element of the claim, describing Highland Digital as a newly formed entity that is to manage the fund.
Confirmed in the source:
- Applied Digital launched a fund of up to $100 million
- The fund targets distressed cryptocurrency asset acquisitions
- The fund is a 50/50 joint venture with GMR Limited
- The fund is to be managed by a newly formed entity, Highland Digital
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/49/applied-digital-reports-fiscal-second-quarter-2023/) in full (26,009 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Launched an independent fund of up to $100 million targeting distressed cryptocurrency asset acquisitions in a 50/50 joint venture with GMR Limited to be managed by a newly formed entity, "Highland Digital"”