BRC Group Holdings & Applied Digital
3 shared events · Importance 3 · Last updated Jun 11, 2026
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BRC Group Holdings has no direct business relationship with Applied Digital, though both are central figures in a securities fraud lawsuit against Babcock & Wilcox.
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BRC Group Holdings: BRC Group Holdings is identified as Babcock & Wilcox's largest shareholder and is implicated in the lawsuit for allegedly standing on both sides of the Power Generation Contract and having close ties to Babcock & Wilcox's counterparty, raising questions about the contract's legitimacy.
Applied Digital: Applied Digital is the counterparty to Babcock & Wilcox's Power Generation Contract. The lawsuit alleges that Applied Digital did not need the products and services Babcock & Wilcox would purportedly supply, which casts doubt on the contract's validity and Babcock & Wilcox's revenue recognition.
May 18, 2026 · 75 articles
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