Electric Service Agreement with energy cost ceiling
Company: Applied Digital
The claim, verbatim
Amended and Restated Electric Service Agreement with upper Midwest utility in September 2023 providing contractual ceiling for energy costs
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 (the "Electric Service Agreement").”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The 10-K states each element of this claim directly.
Confirmed in the source:
- Applied Digital entered an Amended and Restated Electric Service Agreement in September 2023
- The counterparty is a utility in the upper Midwest
- The agreement provides a contractual ceiling on energy costs
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 (the "Electric Service Agreement").”