Target annual NOI of $2 billion
Company: Applied Digital
The claim, verbatim
Target to achieve $2 billion in annual Net Operating Income (NOI) within the coming years
Source (primary)
Applied Digital DEF 14A filed 2026-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “we aim to achieve $2 billion in annual Net Operating Income (NOI) within the coming years”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The CEO letter states the company aims to achieve $2 billion in annual NOI within the coming years; this is a stated goal, not a result.
Confirmed in the source:
- Applied Digital aims to achieve $2 billion in annual Net Operating Income within the coming years
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226044325/formdef14a.htm) in full (278,076 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital DEF 14A filed 2026-09-25
Quote: “we aim to achieve $2 billion in annual Net Operating Income (NOI) within the coming years”