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.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states all of these facts about the Antpool joint venture.
Confirmed in the source:
- Applied Digital and Antpool formed 1.21 Gigawatts, LLC
- Ownership is 80% Applied Digital / 20% Antpool
- 1.21 Gigawatts will develop, construct, and operate Next-Gen datacenters with up to 1.5 gigawatts of capacity for hosting blockchain infrastructure
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000134/apld-424b3finalprospectus0.htm) in full (53,370 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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.”