Base Electron Corp power generation investment
Company: Applied Digital
The claim, verbatim
Applied Digital shareholders own approximately 10% of Base Electron Corp, an independent power producer developing approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas with Babcock & Wilcox, in collaboration with regional utilities
Source (primary)
applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-02)Live source ↗
Quote: “Applied Digital is working with Base Electron Corp., an independent power producer who has engaged Babcock & Wilcox to develop approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas, in collaboration with regional utilities. Applied Digital shareholders own approximately 10% of Base Electron Corp. through our investment in Base Electron.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
All elements appear verbatim in the management commentary about the strategic power initiative.
Confirmed in the source:
- Applied Digital shareholders own approximately 10% of Base Electron Corp
- Base Electron Corp is an independent power producer that engaged Babcock & Wilcox to develop approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas
- The development is in collaboration with regional utilities
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000044/apldq426earningsreleaseasf.htm) in full (54,633 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm)
Quote: “Applied Digital is working with Base Electron Corp., an independent power producer who has engaged Babcock & Wilcox to develop approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas, in collaboration with regional utilities. Applied Digital shareholders own approximately 10% of Base Electron Corp. through our investment in Base Electron.”