Second warrant requires 250+ MW lease with 100+ MW on modified net terms
Company: Applied Digital
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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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”