Applied Digital to fund Project Dorothy 3 for 51% stake
Company: Applied Digital
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)
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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
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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%.”
