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Garden City escrow release

Company: Applied Digital - Project: Garden City

Subject kind
financing
Statement date
2024-10-17
Promised amount
25.0 USD
Current status
stated

The claim, verbatim

Received remaining $25 million of purchase price from Garden City hosting facility sale held in escrow

Source (primary)

Applied Digital S-1 filed 2024-10-18 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “As of the date of this prospectus, we have received the remaining $25 million of the purchase price, previously held in escrow pending such conditional approval.”

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/1144879/000149315224041455/forms-1.htm) in full (144,260 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital S-1 filed 2024-10-18

Quote: “As of the date of this prospectus, we have received the remaining $25 million of the purchase price, previously held in escrow pending such conditional approval.”

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