Garden City facility sale to Marathon; $25M escrow released
Company: Applied Digital
The claim, verbatim
The sale of the Garden City, Texas hosting facility to Marathon was finalized in April 2024, and $25 million in escrowed funds was released to the Company on July 30, 2024.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-03)Live source ↗
Quote: “On July 30, 2024 the conditional approval requirements related to the release of the escrowed funds from the sale were met, resulting in the release of the escrow funds to the Company 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 were met, resulting in the release of the escrow funds to the Company totaling $25 million”