100 megawatt energy services agreement for first facility
Company: Applied Digital - Project: Jamestown
The claim, verbatim
Amended and Restated Energy Services Agreement for 100 megawatts with 5-year contract term with utility in upper Midwest; ceiling locked in for energy costs
Source (primary)
Applied Digital S-1/A filed 2021-12-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We have also entered into an Amended and Restated Energy Services Agreement with respect to 100 megawatts to be used by us and our co-hosting customers... through the recently executed Amended and Restated Electric Service Agreement with a utility in the upper Midwest, we have locked in a ceiling for our energy costs”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document establishes the 100MW agreement, the 5-year power term with an upper-Midwest utility, and the locked-in energy cost ceiling.
Confirmed in the source:
- the company entered an Amended and Restated Energy Services Agreement for 100 megawatts
- the power is secured under a 5-year term from a utility in the upper Midwest
- the agreement locked in a ceiling for the company's energy costs
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000110465921145539/tm2124821-5_s1a.htm) in full (502,304 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1/A filed 2021-12-01
Quote: “We have also entered into an Amended and Restated Energy Services Agreement with respect to 100 megawatts to be used by us and our co-hosting customers... through the recently executed Amended and Restated Electric Service Agreement with a utility in the upper Midwest, we have locked in a ceiling for our energy costs”