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Second AI customer agreement for $460 million over 36 months

Company: Applied Digital

Subject kind
customer
Statement date
2023-06-22
Promised amount
460000000.0 USD
Current status
stated

The claim, verbatim

Sai Computing Holdings LLC, Applied Digital's wholly-owned subsidiary, entered into an agreement with a second AI customer worth up to $460 million over a 36-month period, making this the Company's largest customer to date

Source (primary)

Applied Digital 8-K filed 2023-06-23 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “its wholly-owned subsidiary, Sai Computing Holdings LLC, entered into an agreement with a second AI customer worth up to $460 million over a 36-month period, making this the Company's largest customer to date”

How we checked this

Attempted on September 21, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000161/apld-20230623.htm) in full (4,021 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K filed 2023-06-23

Quote: “its wholly-owned subsidiary, Sai Computing Holdings LLC, entered into an agreement with a second AI customer worth up to $460 million over a 36-month period, making this the Company's largest customer to date”

View cached copy (2026-09-13)Live source ↗