Data center capacity leased to CoreWeave and investment-grade hyperscalers
Company: Applied Digital
The claim, verbatim
Five data center campuses (three in North Dakota and two in the South) totaling 1,410 megawatts are leased to CoreWeave and two investment-grade hyperscalers on 15-year take-or-pay basis
Source (primary)
Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - The Globe and Mail (-, news_article)
View cached copy (2026-09-13)Live source ↗
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”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the five campuses' locations, the ~1,410 MW figure, the tenants, and the 15-year take-or-pay terms.
Confirmed in the source:
- Applied Digital's five data center campuses are located three in North Dakota and two in the South
- The five campuses total about 1,410 megawatts of capacity
- The 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://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/4478039/applied-digital-won-t-collect-most-of-its-rent-until-2029-i-d-wait-to-buy-the-stock/) in full (9,411 characters, retrieved September 13, 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. - The Globe and Mail
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”