Campuses leased to CoreWeave and investment-grade hyperscalers
Company: Applied Digital
The claim, verbatim
Applied Digital's five campuses are leased to CoreWeave and two investment-grade hyperscalers, with each lease running 15 years on a take-or-pay basis
Source (primary)
Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - Yahoo Finance (-, news_article)
View cached copy (2026-09-09)Live source ↗Archive.org ↗
Quote: “The five campuses (three in North Dakota and two in the South) are leased to CoreWeave and two investment-grade hyperscalers. Each lease runs 15 years on a take-or-pay basis, meaning the tenant owes the rent whether or not it uses the space.”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document states both the tenants and the 15-year take-or-pay terms.
Confirmed in the source:
- Applied Digital's five campuses are leased to CoreWeave and two investment-grade hyperscalers
- Each lease runs 15 years on a take-or-pay basis
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-wont-collect-most-214901018.html) in full (12,514 characters, retrieved September 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - Yahoo Finance
Quote: “The five campuses (three in North Dakota and two in the South) are leased to CoreWeave and two investment-grade hyperscalers. Each lease runs 15 years on a take-or-pay basis, meaning the tenant owes the rent whether or not it uses the space.”