Sale of Garden City, TX facility
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened April 1, 2024
The claim was made on 2024-10-03 and reports a sale that had already closed on April 1, 2024. The 10-K confirms the closing date.
“The Garden City Transaction closed on April 1, 2024 and we received net cash proceeds of approximately $61.1 million.”
2024-08-29 · Applied Digital 10-K filed 2024-08-30 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Sale of 200 MW Garden City, TX campus to Mara Garden City LLC, a Marathon Digital subsidiary, announced in March 2024 and completed April 1, 2024
Source (primary)
Applied Digital S-1 filed 2024-10-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In March 2024, we announced that we entered into a definitive agreement to sell our 200 MW campus in Garden City, TX, to Mara Garden City LLC, a Delaware limited liability company and subsidiary of Marathon Digital Holdings (Nasdaq: MARA). We completed the sale transaction on April 1, 2024.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states each element of the claim: the 200 MW Garden City campus, the Marathon subsidiary buyer, the March 2024 announcement and the April 1, 2024 completion.
Confirmed in the source:
- The Garden City, TX campus was 200 MW
- The buyer was Mara Garden City LLC, a subsidiary of Marathon Digital Holdings
- The definitive sale agreement was announced in March 2024
- The sale was completed on April 1, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224039591/forms-1.htm) in full (130,138 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1 filed 2024-10-04
Quote: “In March 2024, we announced that we entered into a definitive agreement to sell our 200 MW campus in Garden City, TX, to Mara Garden City LLC, a Delaware limited liability company and subsidiary of Marathon Digital Holdings (Nasdaq: MARA). We completed the sale transaction on April 1, 2024.”