Compute / the Ledger · 1 deal
Who is paying whom for compute.
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Deals with Base Electron as a party. Base Electron’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 7 Oct 2026 | Applied Digital signs a 15-year power purchase agreement with Base Electron for a planned 1,200 MW gas plant in Center, North DakotaSignedEntered 4 October 2026, with a related credit support agreement. Capacity and energy from an approximately 1,200 MW natural gas-fired generation facility to be developed by Base Electron in Center, North Dakota, intended as dedicated generation for Applied Digital's Polaris Forge 3 campus. 15-year delivery term; fixed monthly payments based on target contract capacity. Base Electron may terminate if financial close for the facility has not occurred by 31 March 2027. Related party: Applied Digital owns about 10% of Base Electron, which is owned and managed in part by Applied Digital officers and directors acting individually; Messrs. Cummins and Zhang are Base Electron's CEO and President. Approved by the board after review by its Base Electron Related Party Transaction Committee. Applied Digital also holds a Base Electron demand promissory note of up to $100.0M ($58.5M principal outstanding at 31 Aug 2026). No contract value stated. |
| Power deal | undisclosed | 15 years1,200 MW | Applied Digital 10-Q, subsequent events, filed 2026-10-07Regulatory filing |
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