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Second warrant requires 250+ MW lease with 100+ MW on modified net terms

Company: Applied Digital

Subject kind
facility capacity
Statement date
2025-01-13
Promised amount
250.0 MW
Current status
stated

The claim, verbatim

Second warrant exercisable only if leases executed for no less than 250 MW capacity with at least 100 MW on modified gross or triple net lease terms

Source (primary)

Applied Digital 8-K filed 2025-01-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “where the lease(s) is/are for no less than 250 MW of capacity and at least 100 MW of such capacity is pursuant to a modified gross or triple net lease”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225002040/form8-k.htm) in full (16,003 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K filed 2025-01-14

Quote: “where the lease(s) is/are for no less than 250 MW of capacity and at least 100 MW of such capacity is pursuant to a modified gross or triple net lease”

View cached copy (2026-08-31)Live source ↗