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Optional $675M funding for 300 MW expansion

Company: Applied Digital - Project: Ellendale

Subject kind
financing
Statement date
2025-01-13
Promised amount
675000000.0 USD
Current status
stated

The claim, verbatim

Purchaser has right to invest additional $675 million to fund development of remaining 300 MW of ELN Campus following execution of leases within 15 months of Closing

Source (primary)

Applied Digital 8-K filed 2025-01-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Purchaser's right to invest an additional $675 million to fund the development of the remaining 300 MW of its ELN Campus following execution of leases approved by the Purchaser within 15 months of Closing”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225002040/form8-k.htm) in full (16,003 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K filed 2025-01-14

Quote: “The Purchaser's right to invest an additional $675 million to fund the development of the remaining 300 MW of its ELN Campus following execution of leases approved by the Purchaser within 15 months of Closing”

View cached copy (2026-08-31)Live source ↗