Finland ~1 GW power capacity agreement
Company: Applied Digital - Project: Finland AI Factory Campus
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 U.S.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-08)Live source ↗
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 says the Company 'took its first step outside the United States, signing an agreement for up to approximately 1 GW of potential power capacity in Finland.'
Confirmed in the source:
- Applied Digital signed an agreement for up to approximately 1 GW of potential power capacity in Finland
- The Finland agreement is the Company's first step outside the United States
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/163/applied-digital-reports-fiscal-first-quarter-2027-results/) in full (41,009 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “signing an agreement for up to approximately 1 GW of potential power capacity in Finland”
confirms Wells Fargo raises Applied Digital target to $55 on expansion lease outlook - Yahoo Finance
Quote: “Applied Digital said its Finnish agreement provides access to up to 1 GW of potential power capacity”