Garden City Campus Sale to Marathon Digital
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened April 1, 2024
The claim was made on 2024-05-16 and reports a sale already completed on April 1, 2024. The 10-K confirms the closing.
“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
Announced definitive agreement in March 2024 to sell 200 MW campus in Garden City, Texas to Marathon Digital Holdings; completed April 1, 2024
Source (primary)
Applied Digital 424B5 filed 2024-05-17 (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 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 prospectus supplement states the March 2024 announcement, the 200 MW Garden City campus, Marathon Digital Holdings as buyer, and completion on April 1, 2024.
Confirmed in the source:
- In March 2024, Applied Digital announced a definitive agreement to sell its 200 MW campus in Garden City, Texas
- The buyer was Marathon Digital Holdings
- 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/1144879/000114487924000132/preferredcapitalprospectus.htm) in full (178,920 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-05-17
Quote: “In March 2024, we announced that we entered into a definitive agreement to sell our 200 MW campus in Garden City, TX, to Marathon Digital Holdings (Nasdaq: MARA). We completed the sale transaction on April 1, 2024.”