Term loan from Vantage Bank Texas
Company: Applied Digital - Project: Jamestown
The claim, verbatim
$7.5 million five-year term loan at 5% interest to fund Jamestown site
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “On March 11, 2022 entered into a term loan agreement with Vantage Bank Texas for a $7.5 million, five-year loan at 5% interest to fund its Jamestown site”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release gives the loan's amount, term, rate and purpose exactly as claimed.
Confirmed in the source:
- Applied Blockchain entered a $7.5 million term loan with Vantage Bank Texas
- The loan has a five-year term
- The loan carries 5% interest
- The loan proceeds fund the Jamestown site
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/10/applied-blockchain-reports-fiscal-third-quarter-2022-ended/) in full (19,855 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “On March 11, 2022 entered into a term loan agreement with Vantage Bank Texas for a $7.5 million, five-year loan at 5% interest to fund its Jamestown site”
confirms Earnings Release
Quote: “On March 11, 2022 entered into a term loan agreement with Vantage Bank Texas for a $7.5 million, five-year loan at 5% interest to fund its Jamestown site”