Applied to fund project and hold 51% of Project Company
Company: Applied Digital
The claim, verbatim
Applied Digital is expected to provide capital to support development of the project and, after closing, to hold a 51% interest in the Project Company, with Soluna holding 49%.
Source (primary)
Soluna Agrees to Form Strategic Partnership with Applied Digital to Develop Wind-Powered AI Data Center in Texas - Yahoo Finance (-, news_article)
View cached copy (2026-10-27)Live source ↗
Quote: “Applied is expected to provide capital to support the development of the Project. Following the closing of the transactions contemplated by the Transaction Agreement, Applied is expected to hold a 51% interest in the Project Company”
How we checked this
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Additional evidence
confirms Soluna Agrees to Form Strategic Partnership with Applied Digital to Develop Wind-Powered AI Data Center in Texas - Yahoo Finance
Quote: “Applied is expected to provide capital to support the development of the Project. Following the closing of the transactions contemplated by the Transaction Agreement, Applied is expected to hold a 51% interest in the Project Company”