Applied Digital Corp. sells its 200 MW Garden City campus in Texas to Marathon Digital Holdings for $87.3M.

Applied Digital Corp. (APLD) will sell its 200 MW Garden City campus in Texas to Marathon Digital Holdings (MARA) for $87.3 million. The campus provides hosting for blockchain mining clients, including Marathon. The deal, expected to close in Q2 2024, allows Applied Digital to focus on strategic sites in North Dakota and strengthen its balance sheet. Marathon will remain a customer at Applied Digital's North Dakota facilities.