jain.com
The Analysis · Companies · People · Methodology

Electric Service Agreement

Company: Applied Digital

Subject kind
partnership
Statement date
2024-09-12
Current status
stated

The claim, verbatim

Amended and Restated Electric Service Agreement with upper Midwest utility with contractual ceiling for energy costs

Source (primary)

Applied Digital S-1 filed 2024-09-13 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “We have a contractual ceiling for our energy costs through our Amended and Restated Electric Service Agreement, entered into in September 2023 with a utility in the upper Midwest (the "Electric Service Agreement").”

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/1144879/000114487924000245/apld-formsx1ciminitialwarr.htm) in full (113,167 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital S-1 filed 2024-09-13

Quote: “We have a contractual ceiling for our energy costs through our Amended and Restated Electric Service Agreement, entered into in September 2023 with a utility in the upper Midwest (the "Electric Service Agreement").”

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