1.21 Gigawatts LLC partnership with Antpool for up to 1.5GW datacenters
Company: Applied Digital
The claim, verbatim
Company and Antpool Capital Asset Investment L.P. formed 1.21 Gigawatts LLC on January 6, 2022 to develop, construct and operate datacenters with up to 1.5GW capacity. Company owns 80%, Antpool owns 20%, company is managing member
Source (primary)
Applied Digital S-1/A filed 2022-03-28 (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 confirms the January 6, 2022 formation, the 80/20 ownership, managing member role, and up to 1.5GW capacity.
Confirmed in the source:
- The company and Antpool Capital Asset Investment L.P. entered a Limited Liability Company Agreement of 1.21 Gigawatts, LLC on January 6, 2022
- The entity will develop, construct and operate datacenters with up to 1.5GW capacity
- The company owns 80% and Antpool owns 20%
- The company is the managing member
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922038726/tm2132377-17_s1a.htm) in full (562,281 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1/A filed 2022-03-28
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”