Definitive agreement to acquire Applied Digital's Garden City, TX data center
Company: Marathon Digital
The claim, verbatim
Marathon entered a definitive purchase agreement to acquire Applied Digital's 200 MW nameplate Bitcoin mining data center in Garden City, Texas for $87.3 million (about $437,000 per MW) before purchase price adjustments.
Source (primary)
marathon-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “has entered into a definitive purchase agreement to acquire Applied Digital Corporation's ("Applied Digital") Bitcoin mining data center in Garden City, Texas, with a name plate capacity of 200 megawatts, for a purchase price of $87.3 million”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The press release states the agreement, the 200 MW nameplate capacity, the $87.3 million price, the roughly $437,000 per MW figure and the pre-adjustment basis.
Confirmed in the source:
- Marathon entered a definitive purchase agreement to acquire Applied Digital's Bitcoin mining data center in Garden City, Texas
- The data center has a nameplate capacity of 200 MW
- The purchase price is $87.3 million, about $437,000 per MW
- The price is stated before any purchase price adjustments
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1507605/000149315224010217/ex99-1.htm) in full (8,120 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms marathon-digital 8-K exhibit (ex99-1.htm)
Quote: “has entered into a definitive purchase agreement to acquire Applied Digital Corporation's ("Applied Digital") Bitcoin mining data center in Garden City, Texas, with a name plate capacity of 200 megawatts, for a purchase price of $87.3 million”