""Each one of these projects is still a big deal for us," Cummins told The Register. "When we do NDAs, it's really specifically about trading in our public shares. We're trying to protect people from the insider trading laws of the country because not everyone knows that, 'Hey, I've got insider information on a company,' and then they go trade in it, and then you get in trouble.""
""Wealthy tech companies talk a big game about economic development. In reality, they're using NDAs to quietly secure massive tax breaks and public subsidies, depriving local communities of critical resources," Deanna Noel, campaign director with the nonprofit consumer advocacy group Public Citizen, told The Register. "The public shouldn't be expected to pay the price for datacenter expansion, and we deserve a seat at the table-not to be blocked by NDAs.""
Applied Digital requires town officials to sign non-disclosure agreements when selecting datacenter locations to prevent political leaks of insider information. The company says NDAs protect residents from inadvertently violating insider trading laws by learning nonpublic details and then trading. The NDA practice is increasingly common among tech firms and has drawn criticism for excluding voters from decisions that shape local economies. Critics argue NDAs enable companies to quietly obtain tax breaks and public subsidies while concealing potential environmental, energy, water, and fiscal impacts. Applied Digital is managing at least 11 datacenter projects and promoted a $3 billion project in Harwood, North Dakota.
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