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Cartis diligence evidence schedule

Applied Digital Garden City Data Center

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

Record last updated Oct 28, 2026

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.

Reported capacity · 200 MW operating facility design capacity

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

Claim 154714 · Recorded claim type: Actual · Review: Approved · Claim date: Oct 20, 2023

Headline treatment: Selected headline

  1. Applied Digital investor presentation

    U.S. Securities and Exchange Commission · Document date: Feb 12, 2026 · Corroborating

    Source reference: SRC-7411 · Regulatory record · Recorded authority: Official primary

    Source URL

    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: Oct 20, 2023 · Primary

    Source reference: SRC-7409 · Company announcement · Recorded authority: Party primary

    Source URL

    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: Aug 31, 2023 · Corroborating

    Source reference: SRC-7410 · Regulatory record · Recorded authority: Official primary

    Source URL

    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 · Recorded claim type: Actual · Review: Approved · Claim date: Oct 20, 2023

  1. Applied Digital investor presentation

    U.S. Securities and Exchange Commission · Document date: Feb 12, 2026 · Corroborating

    Source reference: SRC-7411 · Regulatory record · Recorded authority: Official primary

    Source URL

    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: Oct 20, 2023 · Primary

    Source reference: SRC-7409 · Company announcement · Recorded authority: Party primary

    Source URL

    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: Aug 31, 2023 · Corroborating

    Source reference: SRC-7410 · Regulatory record · Recorded authority: Official primary

    Source URL

    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 · Recorded claim type: Actual · Review: Approved · Claim date: Oct 20, 2023

Headline treatment: Separate claim, not added to the headline

  1. Applied Digital investor presentation

    U.S. Securities and Exchange Commission · Document date: Feb 12, 2026 · Corroborating

    Source reference: SRC-7411 · Regulatory record · Recorded authority: Official primary

    Source URL

    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: Oct 20, 2023 · Primary

    Source reference: SRC-7409 · Company announcement · Recorded authority: Party primary

    Source URL

    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: Aug 31, 2023 · Corroborating

    Source reference: SRC-7410 · Regulatory record · Recorded authority: Official primary

    Source URL

    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 · Jan 1, 2022

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

Counterparties not specified.

Sources (3)

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

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.