Sale of Garden City, TX campus to Marathon Digital
Company: Applied Digital
What the later record shows
Delivered on time · happened April 1, 2024
Applied Digital's 10-Q and S-1 state that the sale of the 200 MW Garden City, TX campus to a Marathon subsidiary closed on April 1, 2024. That is before the promised calendar Q2 2024 deadline of June 30, 2024.
“agreed to sell to Mara Garden City LLC its datacenter facility located in Garden City, Texas (the “Garden City Transaction”). The Garden City Transaction closed on April 1, 2024.”
2024-04-10 · Applied Digital 10-Q filed 2024-04-11 View cached copy (2026-08-31)Live source ↗
“entered into a definitive agreement to sell our 200 MW campus in Garden City, TX, to Mara Garden City LLC”
2024-10-22 · Applied Digital S-1 filed 2024-10-23 View cached copy (2026-08-31)Live source ↗
“We completed the sale transaction on April 1, 2024.”
2024-10-22 · Applied Digital S-1 filed 2024-10-23 View cached copy (2026-08-31)Live source ↗
Checked November 8, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Applied Digital entered a definitive agreement to sell its 200 MW Garden City, TX campus to Marathon Digital Holdings for a net purchase price of about $87.3 million (gross $97.3 million after adjustments). Closing is subject to customary conditions and is expected in calendar Q2 2024.
Source (primary)
applied-digital 8-K exhibit (apld-gardencitysalepr.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “entered into a definitive agreement to sell its 200 megawatt ("MW") campus in Garden City, TX to Marathon Digital Holdings (Nasdaq: MARA) (“Marathon”) for a net purchase price of approximately $87.3 million, with a gross purchase price of $97.3 million after adjustments contemplated in the purchase agreement”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The press release states the parties, the 200 MW capacity, the net and gross prices, the customary closing conditions, and the expected Q2 calendar 2024 closing.
Confirmed in the source:
- Applied Digital entered into a definitive agreement to sell its Garden City, TX campus to Marathon Digital Holdings
- The Garden City campus is 200 MW
- The net purchase price is approximately $87.3 million
- The gross purchase price is $97.3 million after adjustments contemplated in the purchase agreement
- The transaction is subject to customary closing conditions
- Closing is expected in the second quarter of calendar 2024
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000058/apld-gardencitysalepr.htm) in full (5,098 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apld-gardencitysalepr.htm)
Quote: “entered into a definitive agreement to sell its 200 megawatt ("MW") campus in Garden City, TX to Marathon Digital Holdings (Nasdaq: MARA) (“Marathon”) for a net purchase price of approximately $87.3 million, with a gross purchase price of $97.3 million after adjustments contemplated in the purchase agreement”
confirms Applied Digital 10-Q filed 2024-04-11
Quote: “agreed to sell to Mara Garden City LLC its datacenter facility located in Garden City, Texas (the “Garden City Transaction”). The Garden City Transaction closed on April 1, 2024.”
confirms Applied Digital S-1 filed 2024-10-23
Quote: “entered into a definitive agreement to sell our 200 MW campus in Garden City, TX, to Mara Garden City LLC”