Base Electron Power Generation Partnership
Company: Applied Digital
The claim, verbatim
Working with Base Electron Corp., an independent power producer, 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.
Source (primary)
View PDF (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)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 October 10, 2026. The cited source supports every part of this claim.
The release describes the Base Electron power initiative, its 1.2 GW scope in the Dakotas with regional utilities, and the roughly 10% shareholder ownership.
Confirmed in the source:
- Applied Digital is working with Base Electron Corp.
- Base Electron Corp. is an independent power producer
- The project is to develop approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas
- The project is in collaboration with regional utilities
- Applied Digital shareholders own approximately 10% of Base Electron Corp.
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000044/0001144879-26-000044.pdf) in full (57,639 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View PDF
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.”
confirms Earnings Release
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.”
confirms Earnings Release
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.”