jain.com

Finland up to ~1 GW power capacity

Company: Applied Digital - Project: Finland AI Factory Campus

Subject kind
facility capacity
Statement date
2026-10-08
Promised amount
1000.0 MW
Current status
stated

The claim, verbatim

Signed an agreement for up to approximately 1 GW of potential power capacity in Finland, the Company's first step outside the United States.

Source (primary)

EX-99.1 (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-08)Live source ↗Archive.org ↗

Quote: “signing an agreement for up to approximately 1 GW of potential power capacity in Finland”

How we checked this

Checked on October 13, 2026. The cited source supports every part of this claim.

The release describes the Finland agreement and calls it the Company's first step outside the United States.

Confirmed in the source:

What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000057/apldq127earningsrelease.htm) in full (40,037 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms EX-99.1

Quote: “signing an agreement for up to approximately 1 GW of potential power capacity in Finland”

View cached copy (2026-10-08)Live source ↗Archive.org ↗

confirms View PDF

Quote: “Secured up to approximately 1 GW of potential power capacity in Finland, establishing a strategic foothold in an emerging European AI market”

View cached copy (2026-10-08)Live source ↗

confirms Applied Digital Q1 Earnings Miss on Higher Costs, Revenues Beat - Yahoo Finance

Quote: “Applied Digital secured up to approximately 1 GW of potential power capacity in Finland”

View cached copy (2026-10-09)Live source ↗

confirms Applied Digital Q1 Earnings Miss on Higher Costs, Revenues Beat - Zacks Investment Research

Quote: “Applied Digital secured up to approximately 1 GW of potential power capacity in Finland”

View cached copy (2026-10-10)Live source ↗Archive.org ↗

confirms Applied Digital Shares Rise 4% After Q1 Revenue Beat and Expansion of AI Data Centre Capacity - Yahoo Finance

Quote: “Applied Digital also announced its first expansion outside the United States, securing access to potential power capacity of approximately 1 gigawatt (GW) in Finland.”

View cached copy (2026-10-10)Live source ↗

confirms Applied Digital revenue soars as AI data center demand drives growth - Yahoo Finance

Quote: “The company has also secured access to up to about 1 gigawatt of potential power capacity in Finland, marking its first expansion outside the US”

View cached copy (2026-10-12)Live source ↗Archive.org ↗