1.21 Gigawatts LLC formation with Antpool
Company: Applied Digital
The claim, verbatim
Applied Digital and Antpool formed 1.21 Gigawatts LLC with Applied Digital contributing $8,000 for 80% ownership and Antpool contributing $2,000 for 20%
Source (primary)
Applied Digital S-3 filed 2023-05-17 (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.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms the formation, contributions, and ownership split exactly.
Confirmed in the source:
- Applied Digital and Antpool formed 1.21 Gigawatts LLC on January 6, 2022
- Applied Digital contributed $8,000 for 80% ownership
- Antpool contributed $2,000 for 20% ownership
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: “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.”