Expansion negotiations with two existing customers
Company: Applied Digital
The claim, verbatim
In advanced talks with two existing customers over approximately 100 and 150 megawatts of expansion, expected to generate over $6 billion in contracted revenue at existing rates, to be signed at materially higher rates
Source (primary)
Can Applied Digital Stock Recover On Leases It Has Already Signed? - Trefis (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “is in advanced talks with two existing customers over roughly 100 and 150 megawatts of expansion that it expects to sign at materially higher rates than their current leases. At existing rates and duration those two would add over $6 billion of contracted revenue.”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The article states every element: the talks, their size, the expected higher rates, and the over-$6 billion figure at existing rates.
Confirmed in the source:
- Applied Digital is in advanced talks with two existing customers over roughly 100 and 150 megawatts of expansion
- The company expects to sign these at materially higher rates than the customers' current leases
- At existing rates and duration, the two expansions would add over $6 billion of contracted revenue
What we did: Read our cached copy of the publisher (https://www.trefis.com/stock/apld/articles/615734/can-applied-digital-stock-recover-on-leases-it-has-already-signed/2026-09-17) in full (11,286 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Can Applied Digital Stock Recover On Leases It Has Already Signed? - Trefis
Quote: “is in advanced talks with two existing customers over roughly 100 and 150 megawatts of expansion that it expects to sign at materially higher rates than their current leases. At existing rates and duration those two would add over $6 billion of contracted revenue.”