Antpool/Bitmain JV for up to 1.5GW
Company: Applied Digital
The claim, verbatim
Formed a JV with Antpool, a Bitmain affiliate, in January 2022 for up to 1.5GW of co-hosting infrastructure, with Applied Blockchain owning 80%.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-08)Live source ↗Archive.org ↗
Quote: “Formed joint venture ("JV") with Antpool, an affiliate of Bitmain, in January 2022 for up to 1.5 gigawatts ("GW") initially of co-hosting infrastructure with Applied Blockchain owning 80% of the JV”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The release's highlights state the JV partner, Bitmain affiliation, timing, up to 1.5GW initial scope, and 80% ownership.
Confirmed in the source:
- Applied Blockchain formed a joint venture with Antpool
- Antpool is described as an affiliate of Bitmain
- The JV was formed in January 2022
- The JV covers up to 1.5GW of co-hosting infrastructure, described as an initial figure
- Applied Blockchain owns 80% of the JV
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/10/applied-blockchain-reports-fiscal-third-quarter-2022-ended/) in full (19,893 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Formed joint venture ("JV") with Antpool, an affiliate of Bitmain, in January 2022 for up to 1.5 gigawatts ("GW") initially of co-hosting infrastructure with Applied Blockchain owning 80% of the JV”