Ellendale lease negotiations with three hyperscalers
Company: Applied Digital
The claim, verbatim
Applied Digital is negotiating definitive lease documentation for the Ellendale 100 MW HPC data center with three hyperscalers at the same time. The first hyperscaler's exclusivity period has expired, and no lease has been signed yet.
Source (primary)
applied-digital 8-K exhibit (ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-25)Live source ↗
Quote: “We are concurrently negotiating definitive lease documentation with multiple hyperscalers for our Ellendale, North Dakota 100 MW purpose-built HPC data center, and have not yet finalized or signed a lease with any of these hyperscalers.”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (ex99-2.htm)
Quote: “We are concurrently negotiating definitive lease documentation with multiple hyperscalers for our Ellendale, North Dakota 100 MW purpose-built HPC data center, and have not yet finalized or signed a lease with any of these hyperscalers.”