Crypto mining hosting capacity—246 MW coming online under contracts
Company: Applied Digital
The claim, verbatim
Applied Digital has an additional 246 MW of crypto mining hosting capacity coming online, all of which is contracted under multi-year arrangements
Source (primary)
Applied Digital 424B5 filed 2023-06-26 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We currently have 240MW online and servicing our cryptomining customers with an additional 246MW coming online, all of which is contracted for under multi-year arrangements.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states 246 MW is coming online with all of it contracted under multi-year arrangements.
Confirmed in the source:
- Applied Digital has an additional 246 MW of crypto mining hosting capacity coming online
- all of the additional 246 MW is contracted under multi-year arrangements
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000166/apld-preliminaryprospectus.htm) in full (176,255 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2023-06-26
Quote: “We currently have 240MW online and servicing our cryptomining customers with an additional 246MW coming online, all of which is contracted for under multi-year arrangements.”