1.21 Gigawatts LLC joint venture with Antpool/Bitmain
Company: Applied Digital
The claim, verbatim
Joint venture to develop, construct, finance, and operate up to 1.5 GW of Next-Gen datacenter capacity for hosting blockchain infrastructure
Source (primary)
Applied Digital S-3 filed 2023-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “1.21 Gigawatts will develop, acquire, construct, finance, operate, maintain and own one or more Next-Gen datacenters with up to 1.5 gigawatts ("GW") of capacity for hosting blockchain infrastructure.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document establishes the Antpool/Bitmain JV and the up to 1.5 GW capacity for hosting blockchain infrastructure.
Confirmed in the source:
- 1.21 Gigawatts, LLC is a joint venture between Applied Digital and Antpool (an affiliate of Bitmain)
- The JV will develop, construct, finance, and operate up to 1.5 GW of Next-Gen datacenter capacity
- The capacity is for hosting blockchain infrastructure
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000148/apld-forms3shelfregistrati.htm) in full (99,038 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-3 filed 2023-05-17
Quote: “1.21 Gigawatts will develop, acquire, construct, finance, operate, maintain and own one or more Next-Gen datacenters with up to 1.5 gigawatts ("GW") of capacity for hosting blockchain infrastructure.”