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Cartis diligence evidence schedule

Applied Digital Garden City Data Center

PRJ-1169 · Site · Garden City, Texas, United States

Captured 2026-09-06T04:13:18.502Z · Record last updated 2026-09-01

SHA-256: 567ddeab35bc70dd884d3ff547aee28fb98c0c3d994d5a3bb54301f9826ce85a

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Scope and capacity

Applied Digital developed and energized a 200 MW hosting facility near Garden City, Texas, on a long-term ground lease. The site was built beside wind generation and reached full energization in October 2023 for blockchain-compute hosting. Applied Digital later reported the sale of the Garden City location, so the operating site is presented separately from the company’s current North Dakota AI-campus strategy.

Headline: 200 MW Facility design

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Claims and exhibit sources

Reported Capacity · 200 MW operating facility design capacity

Facility electrical / design capacity · Applied Digital Garden City Data Center (project)

Claim 154714 · Review: Approved · Claim date: 2023-10-20T00:00:00+00:00

Headline treatment: Selected headline

  1. Applied Digital investor presentation

    U.S. Securities and Exchange Commission · Document date: 2026-02-12 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld_invxinvestorpresent.htm
  2. Applied Digital Announces Energization of 200 MW Garden City Facility

    Applied Digital Corporation · Document date: 2023-10-20 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/74/applied-digital-announces-energization-of-its-200-megawatt
  3. Applied Digital 2023 Form 10-K

    U.S. Securities and Exchange Commission · Document date: 2023-08-31 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487923000176/apld-20230531.htm

Ground Lease Term · 99 years

actual · Applied Digital Garden City Data Center (project)

Claim 154715 · Review: Approved · Claim date: 2023-10-20T00:00:00+00:00

  1. Applied Digital investor presentation

    U.S. Securities and Exchange Commission · Document date: 2026-02-12 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld_invxinvestorpresent.htm
  2. Applied Digital Announces Energization of 200 MW Garden City Facility

    Applied Digital Corporation · Document date: 2023-10-20 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/74/applied-digital-announces-energization-of-its-200-megawatt
  3. Applied Digital 2023 Form 10-K

    U.S. Securities and Exchange Commission · Document date: 2023-08-31 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487923000176/apld-20230531.htm

Energized Capacity · 200 MW

Facility electrical / design capacity · Applied Digital Garden City Data Center (project)

Claim 154716 · Review: Approved · Claim date: 2023-10-20T00:00:00+00:00

Headline treatment: Separate claim, not added to the headline

  1. Applied Digital investor presentation

    U.S. Securities and Exchange Commission · Document date: 2026-02-12 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld_invxinvestorpresent.htm
  2. Applied Digital Announces Energization of 200 MW Garden City Facility

    Applied Digital Corporation · Document date: 2023-10-20 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/74/applied-digital-announces-energization-of-its-200-megawatt
  3. Applied Digital 2023 Form 10-K

    U.S. Securities and Exchange Commission · Document date: 2023-08-31 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487923000176/apld-20230531.htm

Counterparties and capital

Applied Digital Corporation · Developer · CMP-1647

Construction Loan

Amount not disclosed · 2022-01-01

Facility financing disclosed in SEC filings without a stated aggregate project total.

Financing record 344; claim-specific source links appear in the exhibit sources where published.

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