Signed take-or-pay lease agreements with hyperscalers
Company: Applied Digital
The claim, verbatim
Applied Digital has signed $36 billion in long-term take-or-pay lease agreements with top-tier hyperscale cloud providers, with potential total contract value reaching $86 billion over 30 years if renewal options are exercised.
Source (primary)
Applied Digital Jumps 8% After Wells Fargo Names It Top Pick With $50 Target - finance.biggo.com (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “Applied Digital has signed $36 billion in long-term, take-or-pay lease agreements with top-tier hyperscale cloud providers. If customers exercise renewal options, total contract value could reach up to $86 billion over 30 years.”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The article states both the $36 billion in signed take-or-pay leases with hyperscalers and the potential $86 billion over 30 years with renewals.
Confirmed in the source:
- Applied Digital has signed $36 billion in long-term take-or-pay lease agreements
- The counterparties are top-tier hyperscale cloud providers
- Total contract value could reach $86 billion over 30 years if renewal options are exercised
What we did: Read our cached copy of the publisher (https://finance.biggo.com/news/7416f2de-e26c-4b8d-8f27-da8b7bc5eba0) in full (6,721 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Jumps 8% After Wells Fargo Names It Top Pick With $50 Target - finance.biggo.com
Quote: “Applied Digital has signed $36 billion in long-term, take-or-pay lease agreements with top-tier hyperscale cloud providers. If customers exercise renewal options, total contract value could reach up to $86 billion over 30 years.”