Contracted lease value with renewal options
Company: Applied Digital
The claim, verbatim
Potential expansion to $86 billion in contracted lease value if all renewal options are exercised (extending up to 30 years)
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “with potential expansion to $86 billion if all renewal options are exercised (up to 30 years)”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The presentation gives the $86 billion upside if all renewals are exercised, over up to 30 years.
Confirmed in the source:
- Contracted lease value could expand to $86 billion if all renewal options are exercised
- With renewals, lease terms extend up to 30 years
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/_assets/_c3b095776b399204354d8f26dbb2553c/appliedblockchaininc/db/2905/27269/pdf/APLD_INV_June2026_Updated-compressed.pdf) in full (47,679 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “with potential expansion to $86 billion if all renewal options are exercised (up to 30 years)”