First major AI customer for Sai Computing—$180M contract over 24 months
Company: Applied Digital
The claim, verbatim
Sai Computing secured its first major AI customer with an agreement worth up to $180 million over a 24-month period, with service expected to start in June 2023 and be fully ramped by end of 2023
Source (primary)
Applied Digital 424B5 filed 2023-06-26 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On May 16, 2023, we announced that Sai Computing secured its first major AI customer with an agreement worth up to $180 million over a 24-month period. The customer will make a significant pre-payment as part of the agreement. The service is expected to start coming online in June 2023 and is expected to be fully ramped up by the end of 2023.”
How we checked this
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Additional evidence
confirms Applied Digital 424B5 filed 2023-06-26
Quote: “On May 16, 2023, we announced that Sai Computing secured its first major AI customer with an agreement worth up to $180 million over a 24-month period. The customer will make a significant pre-payment as part of the agreement. The service is expected to start coming online in June 2023 and is expected to be fully ramped up by the end of 2023.”