Power generation partnership with Base Electron
Company: Applied Digital
The claim, verbatim
The company is working with Base Electron on natural gas-fired generation in the Dakotas covering approximately 1.2 gigawatts, with initial capacity arriving in 2029 and 2030
Source (primary)
Applied Digital (NASDAQ: APLD) Stock Has Fallen 44% In Three Months, But A $36 Billion Backlog Tells A Different Story - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-09-05)Live source ↗Archive.org ↗
Quote: “the company's work with Base Electron covering roughly 1.2 gigawatts of natural gas-fired generation in the Dakotas, with that initial capacity arriving in 2029 and 2030”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document confirms the Base Electron 1.2 GW gas generation in the Dakotas and the 2029/2030 timing.
Confirmed in the source:
- The company is working with Base Electron on roughly 1.2 gigawatts of natural gas-fired generation in the Dakotas
- Initial capacity from that work arrives in 2029 and 2030
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/09/04/applied-digital-nasdaq-apld-stock-has-fallen-44-in-three-months-but-a-36-billion-backlog-tells-a-different-story/) in full (4,165 characters, retrieved September 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (NASDAQ: APLD) Stock Has Fallen 44% In Three Months, But A $36 Billion Backlog Tells A Different Story - foreignpolicyjournal.com
Quote: “the company's work with Base Electron covering roughly 1.2 gigawatts of natural gas-fired generation in the Dakotas, with that initial capacity arriving in 2029 and 2030”