GPU computing services lease agreement with Character Tech.
Company: Applied Digital
The claim, verbatim
Applied Digital and Character Tech. entered into Service Level Agreement on June 28, 2023, under which Applied Digital agreed to make available 1,024 GPUs by June 2023 (Phase I Tranche) and 1,024 GPUs by August 2023 (Phase II Tranche), with Character Tech. to pay $1.99 per GPU per hour for Phase I services.
Source (primary)
Docket 279 entry #32 - 1 (RECAP, court_filing)
View cached copy (2026-09-10)Live source ↗
Quote: “on June 28, 2023, Character Tech. and Applied Digital entered into the Service Level Agreement (SLA) Supportive to Customer Terms of Service Contract (the "Agreement"), in which Character Tech. agreed to pay Applied Digital an hourly fee... Applied Digital alleges that the Agreement required Applied Digital to make available 1,024 GPUs by June 2023 ("the Phase I Tranche"), and a second group of 1,024 GPUs by August 2023 ("the Phase II Tranche")... Applied Digital alleges that Character Tech. agreed to pay usage fees of $1.99 per GPU per hour, with a total contract value for Phase I Tranche of $35,701,555.20.”
How we checked this
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Additional evidence
confirms Docket 279 entry #32 - 1
Quote: “on June 28, 2023, Character Tech. and Applied Digital entered into the Service Level Agreement (SLA) Supportive to Customer Terms of Service Contract (the "Agreement"), in which Character Tech. agreed to pay Applied Digital an hourly fee... Applied Digital alleges that the Agreement required Applied Digital to make available 1,024 GPUs by June 2023 ("the Phase I Tranche"), and a second group of 1,024 GPUs by August 2023 ("the Phase II Tranche")... Applied Digital alleges that Character Tech. agreed to pay usage fees of $1.99 per GPU per hour, with a total contract value for Phase I Tranche of $35,701,555.20.”