Services Agreement with GMR, SparkPool, and Valuefinder
Company: Applied Digital
The claim, verbatim
Company executed strategy planning and portfolio advisory services agreement with GMR, SparkPool, and Valuefinder for crypto asset mining management and equipment procurement assistance
Source (primary)
Applied Digital S-1 filed 2024-05-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In March 2021, we executed a strategy planning and portfolio advisory services agreement (the "Services Agreement") with GMR Limited, a British Virgin Island limited liability company ("GMR"), Xsquared Holding Limited, a British Virgin Island limited liability company ("SparkPool") and Valuefinder... the Service Providers agreed to provide crypto asset mining management and analysis and assist us in securing difficult-to-obtain mining equipment.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes the March 2021 Services Agreement with GMR, SparkPool and Valuefinder. It says the providers were to deliver crypto mining management and analysis and help obtain mining equipment.
Confirmed in the source:
- Applied Digital executed a strategy planning and portfolio advisory services agreement with GMR Limited, Xsquared Holding Limited (SparkPool) and Valuefinder
- Under the agreement, the service providers would provide crypto asset mining management and analysis
- Under the agreement, the service providers would help the company secure difficult-to-obtain mining equipment
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000143/yorkvilles-1.htm) in full (115,497 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1 filed 2024-05-31
Quote: “In March 2021, we executed a strategy planning and portfolio advisory services agreement (the "Services Agreement") with GMR Limited, a British Virgin Island limited liability company ("GMR"), Xsquared Holding Limited, a British Virgin Island limited liability company ("SparkPool") and Valuefinder... the Service Providers agreed to provide crypto asset mining management and analysis and assist us in securing difficult-to-obtain mining equipment.”