Base Electron PPA for ~1,200 MW gas generation in North Dakota
Company: Applied Digital
The claim, verbatim
Applied Digital entered into a Power Purchase Agreement with Base Electron, in which it holds ~10% equity, for capacity and energy from an approximately 1,200 MW natural gas-fired generation facility to be developed in North Dakota.
Source (primary)
applied-digital 8-K exhibit (apldq127earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-08)Live source ↗
Quote: “Entered into a Power Purchase Agreement with Base Electron, for the purchase of capacity and energy from an approximately 1,200 MW natural gas-fired generation facility to be developed by Base Electron in North Dakota”
How we checked this
Checked on October 9, 2026. The cited source supports every part of this claim.
The release states the PPA terms and, separately, Applied Digital's approximately 10% equity stake in Base Electron.
Confirmed in the source:
- Applied Digital entered into a Power Purchase Agreement with Base Electron
- Applied Digital holds an approximately 10% equity interest in Base Electron
- The PPA covers capacity and energy from an approximately 1,200 MW natural gas-fired generation facility
- The facility is to be developed by Base Electron in North Dakota
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000057/apldq127earningsrelease.htm) in full (40,083 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq127earningsrelease.htm)
Quote: “Entered into a Power Purchase Agreement with Base Electron, for the purchase of capacity and energy from an approximately 1,200 MW natural gas-fired generation facility to be developed by Base Electron in North Dakota”