1.21 Gigawatts LLC formation
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened January 6, 2022
The claim, made in May 2023, describes the formation of 1.21 Gigawatts LLC on January 6, 2022, which had already happened. The up-to-1.5 GW capacity is a stated purpose, not a dated commitment.
“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”
2023-05-15 · Applied Digital 424B3 filed 2023-05-16 View cached copy (2026-09-13)Live source ↗
“1.21 Gigawatts will develop, acquire, construct, finance, operate, maintain and own one or more Next-Gen datacenters with up to 1.5 gigawatts”
2024-05-05 · Applied Digital 424B5 filed 2024-05-06 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Formed 1.21 Gigawatts LLC with Antpool on January 6, 2022 to develop datacenters with up to 1.5 GW capacity for hosting 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 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 October 11, 2026. The cited source supports every part of this claim.
The prospectus describes the January 6, 2022 agreement with Antpool and the venture's purpose of up to 1.5 GW of datacenters for blockchain hosting.
Confirmed in the source:
- Applied Digital and Antpool entered into the Limited Liability Company Agreement of 1.21 Gigawatts, LLC on January 6, 2022
- 1.21 Gigawatts will develop, construct, operate and own Next-Gen datacenters with up to 1.5 GW of capacity
- The datacenters are intended for hosting blockchain infrastructure
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000135/apld-424b3finalprospectus0.htm) in full (53,674 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 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.”