Joint venture with Antpool for blockchain datacenter development
Company: Applied Digital
The claim, verbatim
Applied Digital and Antpool formed 1.21 Gigawatts LLC with 80/20 ownership to develop, construct, and operate Next-Gen datacenters with up to 1.5 gigawatts of capacity for blockchain infrastructure
Source (primary)
Applied Digital 424B3 filed 2023-05-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On January 6, 2022, we and Antpool, an affiliate of Bitmain Technologies Holding Company, entered into a Limited Liability Company Agreement of 1.21 Gigawatts, LLC ('1.21 Gigawatts'), pursuant to which we and Antpool contributed $8,000 and $2,000, respectively, and will initially own 80% and 20%, respectively, of 1.21 Gigawatts. 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.”
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Additional evidence
confirms Applied Digital 424B3 filed 2023-05-16
Quote: “On January 6, 2022, we and Antpool, an affiliate of Bitmain Technologies Holding Company, entered into a Limited Liability Company Agreement of 1.21 Gigawatts, LLC ('1.21 Gigawatts'), pursuant to which we and Antpool contributed $8,000 and $2,000, respectively, and will initially own 80% and 20%, respectively, of 1.21 Gigawatts. 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.”