Secured and under construction pipeline
Company: Applied Digital
The claim, verbatim
Approximately 1.5 GW of critical IT load contracted and operating or under construction across five named campuses, with approximately 100 MW operating and revenue-generating as of May 31, 2026
Source (primary)
Applied Digital 10-K filed 2026-07-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “As of May 31, 2026, we had approximately 1.5 GW of critical IT load that is contracted and operating or under construction across our five named campuses”
How we checked this
Checked on September 13, 2026. The cited source supports every part of this claim.
The 10-K states the 1.5 GW figure, the five named campuses and the roughly 100 MW operating and revenue-generating, all as of May 31, 2026.
Confirmed in the source:
- As of May 31, 2026, approximately 1.5 GW of critical IT load was contracted and operating or under construction
- This capacity spans five named campuses
- Approximately 100 MW was operating and revenue-generating
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm) in full (594,188 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2026-07-29
Quote: “As of May 31, 2026, we had approximately 1.5 GW of critical IT load that is contracted and operating or under construction across our five named campuses”