jain.com

Garden City facility sale escrow release

Company: Applied Digital

Subject kind
acquisition
Statement date
2026-09-29
Promised by
2024-07-30
Promised amount
25000000.0 USD
Current status
stated

The claim, verbatim

Conditional approval requirements for release of escrowed funds from the sale of the Garden City, Texas facility were met and $25 million was received from escrow.

Source (primary)

Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-29)Live source ↗Archive.org ↗

Quote: “On July 30, 2024 the conditional approval requirements related to the release of the escrowed funds from the sale of its Garden City, Texas facility were met, and those funds were received from escrow totaling $25 million.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Earnings Release

Quote: “On July 30, 2024 the conditional approval requirements related to the release of the escrowed funds from the sale of its Garden City, Texas facility were met, and those funds were received from escrow totaling $25 million.”

View cached copy (2026-09-29)Live source ↗Archive.org ↗