Soluna JV for Texas AI data center
Company: Applied Digital
The claim, verbatim
Applied Digital agreed with Soluna Holdings to form a joint venture to build an AI data center in Texas. Soluna will contribute land and power project assets for a 49% stake, and Applied Digital will fund development and hold a 51% controlling interest.
Source (primary)
Why are Applied Digital (APLD) shares soaring today - Yahoo Finance (-, news_article)
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Quote: “Soluna is set to contribute land and power project assets for a 49% stake, while Applied Digital will fund development and hold a 51% controlling interest.”
How we checked this
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Additional evidence
confirms Why are Applied Digital (APLD) shares soaring today - Yahoo Finance
Quote: “Soluna is set to contribute land and power project assets for a 49% stake, while Applied Digital will fund development and hold a 51% controlling interest.”