Base-term value of contracted leases
Company: Applied Digital
The claim, verbatim
Contracted data center leases have a base-term value of approximately $36 billion
Source (primary)
Wells Fargo Starts Applied Digital (APLD) at Overweight and Calls it a Top Idea - Yahoo Finance (-, news_article)
View cached copy (2026-09-23)Live source ↗
Quote: “The bank puts the base-term value of those leases at about $36 billion”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article reports Wells Fargo's estimate that the base-term value of the leases is about $36 billion and calls it the contracted figure; the number is the bank's estimate rather than a company-disclosed total.
Confirmed in the source:
- Applied Digital's contracted leases have a base-term value of about $36 billion, per Wells Fargo's estimate
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/wells-fargo-starts-applied-digital-230948097.html) in full (12,389 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Wells Fargo Starts Applied Digital (APLD) at Overweight and Calls it a Top Idea - Yahoo Finance
Quote: “The bank puts the base-term value of those leases at about $36 billion”