Joint venture with Antpool for datacenter capacity
Company: Applied Digital
The claim, verbatim
1.21 Gigawatts LLC joint venture with Antpool to develop, construct and own up to 1.5 GW of Next-Gen datacenter capacity; Applied Digital managing member with initial 80% ownership and $8,000 contribution
Source (primary)
Applied Digital S-1 filed 2022-09-16 (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...contributed $8,000 and $2,000, respectively, and will initially own 80% and 20%, respectively”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the JV with Antpool, up to 1.5 GW capacity, the develop/construct/own activities, the company's role as managing member, its 80% initial ownership and $8,000 contribution.
Confirmed in the source:
- 1.21 Gigawatts, LLC is a joint venture with Antpool to develop, construct and own Next-Gen datacenters with up to 1.5 GW of capacity
- Applied Blockchain (the registrant) is the managing member
- The company initially owns 80% and contributed $8,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487922000029/aplds1finalresaleseptember.htm) in full (380,217 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1 filed 2022-09-16
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...contributed $8,000 and $2,000, respectively, and will initially own 80% and 20%, respectively”