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)
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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
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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.”