1.21 Gigawatts LLC joint venture with Antpool for up to 1.5GW
Company: Applied Digital
The claim, verbatim
Entered into Limited Liability Company Agreement on January 6, 2022 with Antpool Capital Asset Investment L.P. to develop, construct and operate datacenters with up to 1.5GW capacity; Applied Digital owns 80% and serves as managing member, Antpool owns 20%
Source (primary)
Applied Digital 424B4 filed 2022-04-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On January 6, 2022, we and Antpool Capital Asset Investment L.P., or 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 1.5GW of capacity for hosting blockchain infrastructure. We are the managing member of 1.21 Gigawatts”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes the January 6, 2022 agreement, the 1.5GW capacity, the 80/20 ownership, and the managing member role.
Confirmed in the source:
- Limited Liability Company Agreement dated January 6, 2022 with Antpool Capital Asset Investment L.P.
- 1.21 Gigawatts LLC to develop, construct and operate datacenters with up to 1.5GW capacity
- The company owns 80% and serves as managing member
- Antpool owns 20%
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922045562/tm2132377-25_424b4.htm) in full (528,650 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B4 filed 2022-04-13
Quote: “On January 6, 2022, we and Antpool Capital Asset Investment L.P., or 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 1.5GW of capacity for hosting blockchain infrastructure. We are the managing member of 1.21 Gigawatts”