Hyperscaler LOI for 400 MW Ellendale lease
Company: Applied Digital
The claim, verbatim
Entered exclusivity and executed an LOI with a US-based hyperscaler for a 400 MW capacity lease of the Ellendale HPC campus, including the 100 MW facility under construction and two additional buildings.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-03)Live source ↗
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.”