400 MW hyperscaler capacity lease LOI
Company: Applied Digital - Project: Ellendale
The claim, verbatim
Entered into exclusivity and executed a letter of intent with a US-based hyperscaler for a 400 MW capacity lease, inclusive of current 100 MW facility and two forthcoming buildings
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Entered into exclusivity and executed a letter of intent (the "LOI") with a US-based hyperscaler for a 400 MW capacity lease, inclusive of our current 100 MW facility and two forthcoming buildings”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The press release states the exclusivity, the LOI with a US-based hyperscaler, the 400 MW capacity lease, and its composition of the 100 MW facility plus two forthcoming buildings.
Confirmed in the source:
- Applied Digital entered into exclusivity and executed a letter of intent (LOI) with a US-based hyperscaler
- The LOI covers a 400 MW capacity lease
- The 400 MW lease is inclusive of the company's current 100 MW facility and two forthcoming buildings
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/94/applied-digital-reports-fiscal-third-quarter-2024-results/) in full (29,598 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Entered into exclusivity and executed a letter of intent (the "LOI") with a US-based hyperscaler for a 400 MW capacity lease, inclusive of our current 100 MW facility and two forthcoming buildings”