Signed lease agreement backlog
Company: Applied Digital
The claim, verbatim
Applied Digital has $36 billion in long-term, take-or-pay lease agreements with top-tier hyperscalers
Source (primary)
Applied Digital Surges After Wells Fargo Names Stock a Top Pick With $50 Price Target - TradingView (-, news_article)
View cached copy (2026-09-21)Live source ↗
Quote: “$36 billion in long-term, take-or-pay lease agreements with top-tier hyperscalers”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The article, summarizing a Wells Fargo initiation note, says Applied Digital's backlog features $36 billion in long-term, take-or-pay lease agreements with top-tier hyperscalers.
Confirmed in the source:
- Applied Digital has $36 billion in lease agreements
- The agreements are long-term and take-or-pay
- The counterparties are top-tier hyperscalers
What we did: Read our cached copy of the publisher (https://www.tradingview.com/news/benzinga:7bda70542094b:0) in full (4,138 characters, retrieved September 21, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Surges After Wells Fargo Names Stock a Top Pick With $50 Price Target - TradingView
Quote: “$36 billion in long-term, take-or-pay lease agreements with top-tier hyperscalers”