Character A.I. AI cloud services agreement
Company: Applied Digital
The claim, verbatim
Secured Character A.I. as first AI customer with initial agreement worth $180 million over 24 months; customer executed full option and added additional $180 million option, totaling $360 million potential value
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “the Company announced the signing and successful onboarding of its first AI customer, Character A.I., with an agreement worth up to $180 million over 24 months. This customer executed its option for the full $180 million contract and added an additional option for another $180 million in capacity, doubling the potential value of this initial contract”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states the first AI customer, Character A.I., signed an agreement worth up to $180 million over 24 months, exercised the full option, and added another $180 million option that doubled the contract's potential value.
Confirmed in the source:
- Applied Digital secured Character A.I. as its first AI customer
- The initial agreement was worth up to $180 million over 24 months
- Character A.I. executed its option for the full $180 million contract
- Character A.I. added an additional option for another $180 million in capacity
- The additional option doubled the potential value of the initial contract to $360 million
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/66/applied-digital-reports-fiscal-fourth-quarter-and-full-year/) in full (23,089 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “the Company announced the signing and successful onboarding of its first AI customer, Character A.I., with an agreement worth up to $180 million over 24 months. This customer executed its option for the full $180 million contract and added an additional option for another $180 million in capacity, doubling the potential value of this initial contract”