$36 billion in contracted lease value over 15+ year terms
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
The three signed campuses represent $36 billion in contracted lease value, with contracts running for 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 signings took total contracted lease value to about $36 billion, up from $7 billion a year earlier, so the $36 billion is a company-wide total, not the value of the three campuses alone.
Confirmed in the source:
- Applied Digital's total contracted lease value reached about $36 billion
- Management says the contracts run for at least 15 years
We could not confirm this from the cited source:
- That the three newly signed campuses by themselves represent $36 billion in contracted lease value
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”