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
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes the January 6, 2022 formation, contributions, ownership split, and up to 1.5GW capacity.
Confirmed in the source:
- 1.21 Gigawatts LLC was formed with Antpool, an affiliate of Bitmain Technologies Holding Company, on January 6, 2022
- The company holds 80% ownership having contributed $8,000
- Antpool holds 20% ownership having contributed $2,000
- The joint venture will develop datacenters with up to 1.5GW (1,500MW) of capacity
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922044841/tm2132377-23_s1a.htm) in full (563,274 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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”