Single crypto mining customer with multi-year contract term
Company: Applied Digital
The claim, verbatim
Company currently serves one crypto mining customer with a remaining contractual term of approximately two and a half years
Source (primary)
ARS (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗
Quote: “We currently serve one crypto mining customer with a remaining contractual term of two and a half years.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K says the company serves one crypto mining customer with two and a half years left on its contract, and the risk factors repeat that it is a five-year contract with 2.5 years remaining.
Confirmed in the source:
- Applied Digital currently serves one crypto mining customer
- That customer's remaining contractual term is two and a half years
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001493152-25-014502/formars.pdf) in full (529,223 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms ARS
Quote: “We currently serve one crypto mining customer with a remaining contractual term of two and a half years.”