Base Electron 1,200 MW gas PPA, deliveries from 2030
Company: Applied Digital - Project: Base Electron North Dakota Gas Plant
The claim, verbatim
Applied Digital entered a long-term power purchase agreement with Base Electron (in which it holds ~10% equity) covering a ~1,200 MW natural-gas facility being developed next to Polaris Forge 3; deliveries are expected to begin in 2030.
Source (primary)
Applied Digital Q1 Earnings Call Highlights - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “The agreement covers an approximately 1,200-MW natural-gas facility that Base Electron is developing next to Applied Digital's Polaris Forge 3 campus in central North Dakota. Deliveries are expected to begin in 2030.”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article states every element: the PPA, the roughly 10% stake, the 1,200 MW gas facility next to Polaris Forge 3, and deliveries starting in 2030.
Confirmed in the source:
- Applied Digital entered a long-term power purchase agreement with Base Electron
- Applied Digital holds an approximately 10% equity stake in Base Electron
- The agreement covers an approximately 1,200 MW natural-gas facility
- Base Electron is developing the facility next to Applied Digital's Polaris Forge 3 campus
- Deliveries are expected to begin in 2030
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-q1-earnings-call-000214656.html) in full (15,656 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Q1 Earnings Call Highlights - Yahoo Finance
Quote: “The agreement covers an approximately 1,200-MW natural-gas facility that Base Electron is developing next to Applied Digital's Polaris Forge 3 campus in central North Dakota. Deliveries are expected to begin in 2030.”