~10% equity stake in Base Electron
Company: Applied Digital
The claim, verbatim
Applied Digital holds an approximately 10% equity interest in Base Electron Corp., an independent power producer developing front-of-the-meter generation in the Dakotas.
Source (primary)
View PDF (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-10-08)Live source ↗
Quote: “Base Electron Corp., an independent power producer in which Applied Digital holds an approximately 10% equity interest”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
Applied Digital's October 7, 2026 earnings release states that Base Electron Corp. is an independent power producer in which Applied Digital holds an approximately 10% equity interest, and that it is developing front-of-the-meter generation that could add multiple gigawatts of new power in the Dakotas.
Confirmed in the source:
- Applied Digital holds an approximately 10% equity interest in Base Electron Corp.
- Base Electron Corp. is an independent power producer.
- Base Electron is developing front-of-the-meter generation in the Dakotas.
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000057/0001144879-26-000057.pdf) in full (43,178 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View PDF
Quote: “Base Electron Corp., an independent power producer in which Applied Digital holds an approximately 10% equity interest”
confirms Earnings Release
Quote: “Base Electron Corp., an independent power producer in which Applied Digital holds an approximately 10% equity interest”
confirms Inside Applied Digital earnings for Q1 FY 2027 - Yahoo Finance
Quote: “Applied Digital owns a 10% stake in the power provider”
confirms Applied Digital earnings: APLD beats expectations with $341.9M in revenue - Yahoo Finance
Quote: “Applied Digital also owns approximately 10% of base electron”