Joint venture with Antpool - 1.21 Gigawatts LLC
Company: Applied Digital
The claim, verbatim
Formed 1.21 Gigawatts LLC with Antpool on January 6, 2022 with 80% and 20% ownership; joint venture will develop up to 1.5GW of Next-Gen datacenter capacity
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 split, and the up-to-1.5GW capacity.
Confirmed in the source:
- Applied Blockchain and Antpool entered into a Limited Liability Company Agreement of 1.21 Gigawatts, LLC on January 6, 2022
- Applied Blockchain and Antpool will initially own 80% and 20% of 1.21 Gigawatts respectively
- 1.21 Gigawatts will develop Next-Gen datacenters with up to 1.5GW of capacity
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922038717/tm2124821-24_s1a.htm) in full (566,257 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”