Exclusivity extension with hyperscaler on July 26, 2024
Company: Applied Digital - Project: Ellendale
What the later record shows
Not a promise: a reported event · happened July 26, 2024
The claim reports an already-completed action: the exclusivity extension on July 26, 2024. The August 2024 release confirms the exclusivity LOI with a US-based hyperscaler.
“The Company has entered into exclusivity through an executed LOI with a US-based hyperscaler for 400 MW capacity”
2024-08-28 · 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
Applied Digital extended the initial exclusivity period under the letter of intent with a US-based hyperscaler for leasing the HPC Ellendale Facility
Source (primary)
ARS (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “On July 26, 2024, the Company extended the initial exclusivity period under the previously announced letter of intent with the U.S. based hyperscaler for leasing the HPC Ellendale Facility”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K says that on July 26, 2024 the company extended the initial exclusivity period under the hyperscaler letter of intent for leasing the HPC Ellendale Facility.
Confirmed in the source:
- Applied Digital extended the initial exclusivity period under its letter of intent with a US-based hyperscaler
- The letter of intent concerns leasing the HPC Ellendale Facility
- The extension occurred on July 26, 2024
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: “On July 26, 2024, the Company extended the initial exclusivity period under the previously announced letter of intent with the U.S. based hyperscaler for leasing the HPC Ellendale Facility”