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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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.