HPC fit-out and lease revenue ramp
Company: Applied Digital
The claim, verbatim
Tenant fit-out revenue (about $26M this quarter) is expected to ramp significantly next quarter. Lease revenues are expected to ramp later in calendar 2025 as equipment installation is completed.
Source (primary)
applied-digital 8-K exhibit (apldq126earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-29)Live source ↗
Quote: “These installations contributed approximately $26 million in revenue this quarter and are expected to ramp significantly next quarter”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms applied-digital 8-K exhibit (apldq126earningsrelease.htm)
Quote: “These installations contributed approximately $26 million in revenue this quarter and are expected to ramp significantly next quarter”