1.21 Gigawatts LLC joint venture with Antpool
Company: Applied Digital
The claim, verbatim
Formed 1.21 Gigawatts LLC with Antpool (Bitmain affiliate) on January 6, 2022; Applied Digital holds 80% ownership with $8,000 contribution; Antpool holds 20% ownership with $2,000 contribution; JV to develop up to 1.5GW (1,500MW) datacenter capacity
Source (primary)
Applied Digital S-1/A filed 2022-04-12 (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... 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”
How we checked this
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Additional evidence
confirms Applied Digital S-1/A filed 2022-04-12
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... 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”