Letter of intent with utility for third North Dakota facility
Company: Applied Digital - Project: Ellendale
The claim, verbatim
Company executed letter of intent with utility for third North Dakota facility design and pre-construction
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “As previously announced, the Company has executed a letter of intent with a utility and is in the late stages of design and pre-construction.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
In its update on the third North Dakota facility, the release says the company executed a letter of intent with a utility and was in the late stages of design and pre-construction.
Confirmed in the source:
- The company executed a letter of intent with a utility for its third North Dakota facility
- The third facility was in the late stages of design and pre-construction
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/37/applied-blockchain-reports-fiscal-fourth-quarter-and-full/) in full (21,764 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “As previously announced, the Company has executed a letter of intent with a utility and is in the late stages of design and pre-construction.”
confirms Earnings Release
Quote: “the Company has executed a letter of intent with a utility and is in the late stages of design and pre-construction.”