Advanced talks for 100-150 MW expansion with two customers
Company: Applied Digital
The claim, verbatim
Applied Digital is in advanced talks with two existing customers for expansion of approximately 100 and 150 megawatts, expecting to sign at materially higher rates than current leases, with estimated value of over $6 billion in contracted revenue
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 each part of the claim: advanced talks with two existing customers over about 100 and 150 megawatts, expected materially higher rates, and over $6 billion of added contracted revenue. The article notes that the $6 billion figure is calculated at existing rates and duration.
Confirmed in the source:
- Applied Digital is in advanced talks with two existing customers over expansions
- The two expansions are roughly 100 and 150 megawatts
- The company expects to sign them at materially higher rates than those customers' current leases
- The two expansions would add over $6 billion of contracted revenue (the article computes this at existing rates and lease duration)
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.”