LOI with hyperscaler for Ellendale capacity lease
Company: Applied Digital
The claim, verbatim
Executed letter of intent with US-based hyperscaler for 400 MW capacity lease at Ellendale, including 100 MW facility and two forthcoming buildings
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Entered into exclusivity and executed a letter of intent (the "LOI") with a US-based hyperscaler for a 400 MW capacity lease, inclusive of our current 100 MW facility and two forthcoming buildings”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “Entered into exclusivity and executed a letter of intent (the "LOI") with a US-based hyperscaler for a 400 MW capacity lease, inclusive of our current 100 MW facility and two forthcoming buildings”