Formation of 1.21 Gigawatts LLC with Antpool
Company: Applied Digital
The claim, verbatim
Entered into Limited Liability Company Agreement with Antpool Capital Asset Investment L.P. on January 6, 2022 to form 1.21 Gigawatts LLC, with Applied Digital owning 80% and Antpool owning 20%
Source (primary)
Applied Digital 424B3 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, pursuant to which we and Antpool contributed $8,000 and $2,000, respectively, and will initially own 80% and 20% of 1.21 Gigawatts, respectively.”
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 agreement with Antpool and the 80%/20% ownership split.
Confirmed in the source:
- A Limited Liability Company Agreement was entered with Antpool Capital Asset Investment L.P. on January 6, 2022 forming 1.21 Gigawatts LLC
- The company owns 80% and Antpool owns 20% of 1.21 Gigawatts
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922045567/tm2124821-27_424b3.htm) in full (539,816 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 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, pursuant to which we and Antpool contributed $8,000 and $2,000, respectively, and will initially own 80% and 20% of 1.21 Gigawatts, respectively.”