1.21 Gigawatts LLC formation with Antpool
Company: Applied Digital
The claim, verbatim
Limited Liability Company Agreement with Antpool (Bitmain affiliate) for 1.21 Gigawatts LLC on January 6, 2022; Applied Digital contributed $8,000 for 80% ownership, Antpool contributed $2,000 for 20% ownership
Source (primary)
Applied Digital S-1/A filed 2022-03-21 (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”
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 agreement, the Antpool/Bitmain affiliation, the contribution amounts, and the 80/20 ownership split for the same registrant.
Confirmed in the source:
- On January 6, 2022, the company and Antpool (an affiliate of Bitmain Technologies Holding Company) entered into an LLC Agreement of 1.21 Gigawatts, LLC
- The company contributed $8,000 for an initial 80% ownership and Antpool contributed $2,000 for an initial 20% ownership
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465922036163/tm2124821-21_s1a.htm) in full (555,375 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1/A filed 2022-03-21
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”