Friday, Applied Digital Corp. (APLD) revealed a deal to sell its 200-megawatt campus in Garden City, Texas to Marathon Digital Holdings (MARA) for a net purchase price of around $87.3 million.
The transaction involves the release of $12 million in restricted cash, previously designated as collateral.
The deal is contingent on standard closing conditions and is anticipated to be finalized in the second quarter of calendar 2024.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.