Ellendale HPC facility operational and revenue-generating in calendar year 2025
Company: Applied Digital - Project: Ellendale
The claim, verbatim
Applied Digital expects the HPC Ellendale Facility to become operational and begin generating meaningful revenues in calendar year 2025
Source (primary)
ARS (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “We anticipate that this business segment will begin generating meaningful revenues once the HPC Ellendale Facility becomes operational, which is expected in calendar year 2025”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K says the company anticipates meaningful HPC revenues once the Ellendale facility becomes operational, which it expects in calendar year 2025.
Confirmed in the source:
- Applied Digital expects the HPC Ellendale Facility to become operational in calendar year 2025
- Applied Digital expects its HPC Hosting segment to begin generating meaningful revenues once the HPC Ellendale Facility is operational
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001493152-24-042124/ars.pdf) in full (721,673 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms ARS
Quote: “We anticipate that this business segment will begin generating meaningful revenues once the HPC Ellendale Facility becomes operational, which is expected in calendar year 2025”