Joint venture 1.21 Gigawatts LLC with Antpool
Company: Applied Digital
The claim, verbatim
Formation of 1.21 Gigawatts LLC with Antpool on January 6, 2022; Applied Digital 80% ownership, Antpool 20% ownership; up to 1.5GW datacenter capacity for blockchain infrastructure
Source (primary)
Applied Digital S-1/A filed 2022-04-08 (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 for hosting blockchain infrastructure.”
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, the 80%/20% ownership split, and the up-to-1.5GW blockchain capacity; the registrant (Applied Blockchain, later Applied Digital) is the 80% owner.
Confirmed in the source:
- 1.21 Gigawatts, LLC was formed with Antpool on January 6, 2022
- The company owns 80% and Antpool owns 20% of 1.21 Gigawatts
- 1.21 Gigawatts will own datacenters with up to 1.5GW of capacity for hosting blockchain infrastructure
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922043846/tm2132377-19_s1a.htm) in full (563,104 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1/A filed 2022-04-08
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 for hosting blockchain infrastructure.”