Development capital for 51% of Soluna JV
Company: Applied Digital
The claim, verbatim
Applied Digital will provide the development capital in exchange for a 51% controlling interest in the project entity; Soluna retains 49%.
Source (primary)
Applied Digital shares climb on Texas AI data center pact and bullish analyst call - Yahoo Finance (-, news_article)
View cached copy (2026-10-23)Live source ↗Archive.org ↗
Quote: “Applied Digital will provide the development capital in exchange for a 51% controlling interest in the project entity.”
How we checked this
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Additional evidence
confirms Applied Digital shares climb on Texas AI data center pact and bullish analyst call - Yahoo Finance
Quote: “Applied Digital will provide the development capital in exchange for a 51% controlling interest in the project entity.”