Applied's 51% stake in the Soluna JV
Company: Applied Digital
The claim, verbatim
Applied is expected to hold 51% of the joint venture, with Soluna owning the remainder. Soluna contributes land and power-related assets and Applied supplies capital.
Source (primary)
Why Applied Digital Stock Was a Major Winner on Wednesday - The Motley Fool (-, news_article)
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Quote: “Applied is expected to hold 51% of the joint venture, with Soluna owning the remainder.”
How we checked this
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Additional evidence
confirms Why Applied Digital Stock Was a Major Winner on Wednesday - The Motley Fool
Quote: “Applied is expected to hold 51% of the joint venture, with Soluna owning the remainder.”
confirms Why Applied Digital Stock Was a Major Winner on Wednesday - Yahoo Finance
Quote: “Applied is expected to hold 51% of the joint venture, with Soluna owning the remainder. Under the terms of their deal, Soluna will contribute the necessary land and power-related project assets, while Applied will supply capital.”