Highland Digital fund launch
Company: Applied Digital
The claim, verbatim
Launched independent fund of up to $100 million targeting distressed cryptocurrency asset acquisitions in a 50/50 joint venture with GMR Limited
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Launched an independent fund of up to $100 million targeting distressed cryptocurrency asset acquisitions in a 50/50 joint venture with GMR Limited to be managed by a newly formed entity, "Highland Digital"”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release's highlights list this fund launch with the same amount, purpose and joint-venture partner.
Confirmed in the source:
- Applied Digital launched an independent fund of up to $100 million
- The fund targets distressed cryptocurrency asset acquisitions
- The fund is a 50/50 joint venture with GMR Limited
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/49/applied-digital-reports-fiscal-second-quarter-2023/) in full (25,971 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Launched an independent fund of up to $100 million targeting distressed cryptocurrency asset acquisitions in a 50/50 joint venture with GMR Limited to be managed by a newly formed entity, "Highland Digital"”