Contracted lease value with hyperscaler
Company: Applied Digital
The claim, verbatim
Contracted lease value reached approximately $36 billion on contracts with an investment-grade hyperscaler with terms of at least 15 years
Source (primary)
How Far Can Applied Digital Stock Fall If The Business Keeps Growing? - Trefis (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “taking contracted lease value to about $36 billion on contracts management says run for at least 15 years”
How we checked this
Checked on September 24, 2026. The cited source supports part of this claim, but not all of it.
The article says the three new campuses went to one investment-grade hyperscaler and took total contracted lease value to about $36 billion. It does not say the entire $36 billion, which includes earlier contracts, is with that hyperscaler.
Confirmed in the source:
- Applied Digital's contracted lease value reached about $36 billion
- Management says the contracts run for at least 15 years
- The three most recently signed campuses are all with one investment-grade hyperscaler
We could not confirm this from the cited source:
- That the full $36 billion of contracted lease value is with an investment-grade hyperscaler
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://www.trefis.com/stock/apld/articles/615215/how-far-can-applied-digital-stock-fall-if-the-business-keeps-growing/2026-09-14) in full (11,065 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms How Far Can Applied Digital Stock Fall If The Business Keeps Growing? - Trefis
Quote: “taking contracted lease value to about $36 billion on contracts management says run for at least 15 years”