Amended and Restated Electric Service Agreement
Company: Applied Digital
The claim, verbatim
The company has a contractual ceiling for energy costs through an Amended and Restated Electric Service Agreement with a utility in the upper Midwest, providing low cost of power and enabling launch of hosting business with long-term customer contracts
Source (primary)
Applied Digital 10-K filed 2024-08-30 (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”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes the September 2023 Amended and Restated Electric Service Agreement with an upper Midwest utility as providing an energy cost ceiling, low-cost power, and the basis for launching its hosting business with long-term contracts.
Confirmed in the source:
- The company has a contractual ceiling for its energy costs
- The ceiling comes from an Amended and Restated Electric Service Agreement
- The agreement is with a utility in the upper Midwest
- A main benefit of the agreement is low-cost power
- The agreement enabled the company to launch its hosting business with long-term customer contracts
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000216/apld-20240531.htm) in full (481,620 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2024-08-30
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”