Total hosting capacity target
Company: Applied Digital
What the later record shows
Partly delivered
Jamestown's 100 MW was operational and Ellendale began energizing March 4, 2023, but later filings still describe it as not fully energized. No passage shows nearly 500 MW online by early 2023.
“The Jamestown facility was not damaged and remains fully operational and capable of hosting the entire 100 MW of capacity.”
2023-04-05 · Applied Digital 10-Q filed 2023-04-06 View cached copy (2026-09-13)Live source ↗
“built a hosting facility, and began energizing the site on March 4, 2023. Once fully energized, this location will bring the Company to 280 MW of total hosting capacity”
2024-05-05 · Applied Digital 424B5 filed 2024-05-06 View cached copy (2026-08-31)Live source ↗
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
Company focused on building to nearly 500MW of hosting capacity by early calendar 2023, with all capacity already contracted
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “we continued to operate and progress our three datacenter sites with a keen focus on building to nearly 500MW of hosting capacity by early calendar 2023, all of which is already contracted”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
CEO Wes Cummins is quoted describing a focus on building to nearly 500MW by early calendar 2023, all already contracted.
Confirmed in the source:
- The company was focused on building to nearly 500MW of hosting capacity by early calendar 2023
- All of that capacity was already contracted
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/42/applied-blockchain-reports-fiscal-first-quarter-2023/) in full (25,685 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “we continued to operate and progress our three datacenter sites with a keen focus on building to nearly 500MW of hosting capacity by early calendar 2023, all of which is already contracted”
confirms Earnings Release
Quote: “we continued to operate and progress our three datacenter sites with a keen focus on building to nearly 500MW of hosting capacity by early calendar 2023, all of which is already contracted”