jain.com

Applied Digital to fund Project Dorothy 3 for 51% stake

Company: Applied Digital

Subject kind
financing
Statement date
2026-10-21
Promised amount
51.0 percent
Current status
stated

The claim, verbatim

Applied Digital will provide development capital for the project in return for a 51% controlling stake in the project entity, with Soluna contributing land and power-related assets for the remaining 49%.

Source (primary)

Applied Digital Shares Climb on 50MW Texas AI Data Center Joint Venture and Roth/MKM Buy Call - finance.biggo.com (-, news_article)
View cached copy (2026-10-26)Live source ↗Archive.org ↗

Quote: “Applied Digital will put up development capital in return for a 51% controlling stake in the project entity, while Soluna contributes land and power-related assets for the remaining 49%.”

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 Applied Digital Shares Climb on 50MW Texas AI Data Center Joint Venture and Roth/MKM Buy Call - finance.biggo.com

Quote: “Applied Digital will put up development capital in return for a 51% controlling stake in the project entity, while Soluna contributes land and power-related assets for the remaining 49%.”

View cached copy (2026-10-26)Live source ↗Archive.org ↗