Base Electron ~1,200 MW gas PPA
Company: Applied Digital
The claim, verbatim
Entered into a Power Purchase Agreement with Base Electron for capacity and energy from an approximately 1,200 MW natural gas-fired generation facility to be developed in North Dakota.
Source (primary)
EX-99.1 (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-08)Live source ↗Archive.org ↗
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 16, 2026. The cited source supports every part of this claim.
The earnings release states, under events subsequent to the quarter, that Applied Digital entered into a Power Purchase Agreement with Base Electron for capacity and energy from an approximately 1,200 MW natural gas-fired facility to be developed by Base Electron in North Dakota, which matches every element of the claim.
Confirmed in the source:
- Applied Digital entered into a Power Purchase Agreement with Base Electron
- The agreement covers the purchase of capacity and energy
- The generation facility is approximately 1,200 MW
- The facility is natural gas-fired
- The facility is to be developed (by Base Electron) in North Dakota
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: “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”
confirms Earnings Release
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”
confirms View PDF
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”
confirms Applied Digital earnings: APLD beats expectations with $341.9M in revenue - Yahoo Finance
Quote: “they've entered into a long-term power purchasing agreement with base electron for approximately 1200 megawatts of natural gas fired power near Polaris Forge 3 in Central North Dakota”