EXHIBIT 21.1

Subsidiaries
Name of SubsidiaryJurisdiction of OrganizationPercent Owned
1.21 Gigawatts, LLCDelaware100%
APLD Rattlesnake Den I LLCDelaware100%
APLD ELN-01 LLCNevada100%
APLD ELN-02 Holdings LLCDelaware100%
APLD ELN-02 LLCDelaware100%
Applied Talent Resources LLCNevada100%
APLD GPU-01 LLCDelaware100%
APLD OKC-01 LLCNevada100%
APLD SLC-01 LLCDelaware100%
APLD IOWA-01 LLCNevada100%
APLD HPC-01 LLCDelaware100%
James River Housing LLCDelaware100%
APLD AST-01 Holdings LLCDelaware100%
APLD AST-01 LLCDelaware100%
Sai Computing Holdings LLCDelaware100%
Sai Computing LLCDelaware100%
Sai - Foundry Computing LLCDelaware98%
Applied Digital Cloud CorporationNevada100%
APLD Holdings 1 LLCDelaware100%
APLD Holdings 2 LLCDelaware100%
APLD Hosting, LLCNevada100%