1.8GW capacity target by fiscal year-end 2024
Company: Applied Digital
What the later record shows
The date slipped
After the May 31, 2024 target, the company reported only 106 MW at Jamestown and 180 MW at Ellendale for hosting, with more HPC capacity still planned. That is far short of 1.8 GW, and no new date was given.
“As of August 31, 2024, our 106 MW facility in Jamestown, North Dakota and our 180 MW facility in Ellendale, North Dakota are operating at full capacity.”
2024-10-09 · Earnings Release View cached copy (2026-10-08)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Plan to grow to 1.8GW by end of fiscal 2024 (May 31, 2024)
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “1.8GW by the end of fiscal 2024 (ending May 31, 2024)”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
CEO commentary in the release states the 1.8GW target by the end of fiscal 2024, which ends May 31, 2024.
Confirmed in the source:
- The company plans to grow to 1.8GW by the end of fiscal 2024
- Fiscal 2024 ends May 31, 2024
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/10/applied-blockchain-reports-fiscal-third-quarter-2022-ended/) in full (19,855 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “1.8GW by the end of fiscal 2024 (ending May 31, 2024)”
confirms Earnings Release
Quote: “1.8GW by the end of fiscal 2024 (ending May 31, 2024)”
delays Earnings Release
Quote: “As of August 31, 2024, our 106 MW facility in Jamestown, North Dakota and our 180 MW facility in Ellendale, North Dakota are operating at full capacity.”