1.21 Gigawatts LLC joint venture with Antpool
Company: Applied Digital
The claim, verbatim
Applied Digital and Antpool formed 1.21 Gigawatts LLC on January 6, 2022 to develop, acquire, construct, finance, operate and own Next-Gen datacenters with up to 1.5 gigawatts of capacity. Applied Digital and Antpool initially own 80% and 20% respectively and Applied Digital is the managing member.
Source (primary)
Applied Digital 10-K filed 2022-08-29 (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 confirms the January 6, 2022 formation, the 80%/20% ownership split, the up-to-1.5 GW capacity and full purpose language, and that the Company is managing member.
Confirmed in the source:
- The Company and Antpool formed 1.21 Gigawatts LLC on January 6, 2022
- 1.21 Gigawatts will develop, acquire, construct, finance, operate and own Next-Gen datacenters with up to 1.5 gigawatts of capacity
- The Company and Antpool initially own 80% and 20% respectively
- The Company is the managing member of 1.21 Gigawatts
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000162828022023816/apld-20220531.htm) in full (312,378 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2022-08-29
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.”