Path to 3 GW total capacity by 2031
Company: Applied Digital
The claim, verbatim
Applied is on a possible path to 3 GW of total capacity by 2031E, assuming continued strong demand and ability to secure additional power, contracts, supply chain capacity, and talent
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Applied is on a possible path to 3 GW of total capacity within five years”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The presentation states that, under the listed assumptions, Applied is on a possible path to 3 GW within five years, and its chart shows cumulative capacity reaching about 3 GW by 2031E.
Confirmed in the source:
- Applied Digital describes a possible path to 3 GW of total capacity
- The target year is 2031E, shown in the chart titled 'Path to 3 GW of Total Capacity by 2031E' (3,010 MW cumulative)
- The path assumes continued strong demand and the ability to secure additional power, contracts, supply chain capacity, and talent
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/_assets/_c3b095776b399204354d8f26dbb2553c/appliedblockchaininc/db/2905/27269/pdf/APLD_INV_June2026_Updated-compressed.pdf) in full (47,679 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “Applied is on a possible path to 3 GW of total capacity within five years”