$20 billion customer lease deal
Company: Applied Digital
The claim, verbatim
Applied Digital signed a $20 billion long-term lease deal in the fourth quarter, representing more than half of total contracted capacity
Source (primary)
Applied Digital (NASDAQ: APLD) Has $36 Billion In Contracted Leases But Key Risks Remain For Investors - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “The company's contracted backlog includes a single $20 billion deal signed in the fourth quarter, representing more than half of total contracted capacity”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The article describes a $20 billion deal in the company's lease backlog, signed in Q4, that makes up more than half of contracted capacity.
Confirmed in the source:
- Applied Digital's contracted lease backlog includes a single $20 billion deal
- The deal was signed in the fourth quarter
- The deal represents more than half of total contracted capacity
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/09/25/applied-digital-nasdaq-apld-has-36-billion-in-contracted-leases-but-key-risks-remain-for-investors/) in full (4,050 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (NASDAQ: APLD) Has $36 Billion In Contracted Leases But Key Risks Remain For Investors - foreignpolicyjournal.com
Quote: “The company's contracted backlog includes a single $20 billion deal signed in the fourth quarter, representing more than half of total contracted capacity”