Recovery of >$300M Ellendale equity investment
Company: Applied Digital
The claim, verbatim
The MAM investment, together with future project financing, will be used to repay project-level debt and allow the company to recover over an estimated $300 million of its equity investment in the Ellendale HPC Campus.
Source (primary)
applied-digital 8-K exhibit (apldq225earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “The MAM investment, in conjunction with future project financing, to be used to repay project-level debt and allow the Company to recover over an estimated $300 million of its equity investment in the Ellendale HPC Campus.”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apldq225earningsrelease.htm)
Quote: “The MAM investment, in conjunction with future project financing, to be used to repay project-level debt and allow the Company to recover over an estimated $300 million of its equity investment in the Ellendale HPC Campus.”