Long-term debt borrowing
Company: Applied Digital
The claim, verbatim
Company borrowed $105,000 thousand in long-term debt during the three months ended August 31, 2024
Source (primary)
Applied Digital 10-Q filed 2024-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Borrowings of long-term debt 105,000”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The cash flow statement shows $105,000 thousand in borrowings of long-term debt for the quarter, matching the $105 million outstanding under the CIM Promissory Note.
Confirmed in the source:
- The company borrowed $105,000 thousand of long-term debt
- The borrowing occurred during the three months ended August 31, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000253/apld-20240831.htm) in full (158,170 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-Q filed 2024-10-09
Quote: “Borrowings of long-term debt 105,000”