1.21 Gigawatts LLC joint venture with Antpool
Company: Applied Digital
The claim, verbatim
Limited Liability Company Agreement with Antpool (20% owner, $2,000 contribution) to develop, acquire, construct and operate datacenters with up to 1.5 GW capacity; APLD 80% owner, $8,000 contribution, managing member.
Source (primary)
Applied Digital 424B3 filed 2022-09-09 (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 22, 2026. The cited source supports every part of this claim.
The document establishes every element of the 1.21 Gigawatts joint venture, including contributions, ownership, capacity, and APLD as managing member.
Confirmed in the source:
- APLD and Antpool entered an LLC Agreement for 1.21 Gigawatts, LLC on January 6, 2022
- Antpool is an affiliate of Bitmain, contributed $2,000, and owns 20%
- APLD contributed $8,000 and owns 80%
- The venture will develop, acquire, construct, finance, operate, maintain and own datacenters with up to 1.5 GW capacity
- APLD is the managing member
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487922000027/a424b3finalprospectusregno.htm) in full (350,097 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2022-09-09
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.”