$36B contracted lease value
Company: Applied Digital
The claim, verbatim
$36 billion total contracted baseline revenue under 15-year take-or-pay leases, potentially $86 billion if all renewal options are exercised.
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “$ 36 billion in total contracted baseline revenue under 15-year take-or-pay lease agreements, with potential expansion to $86 billion if all renewal options are exercised (up to 30 years).”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The contracted lease value slide states these figures, with chart components totaling $35.73B base and $85.66B upside.
Confirmed in the source:
- Applied Digital has $36 billion in total contracted baseline revenue
- That revenue is under 15-year take-or-pay lease agreements
- Contracted revenue could reach $86 billion if all renewal options are exercised
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/_assets/_2ca3a6fc58e47f662a7c51ed55b80806/appliedblockchaininc/db/2905/27269/pdf/APLD_INV_June2026_Updated-compressed.pdf) in full (47,679 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “$ 36 billion in total contracted baseline revenue under 15-year take-or-pay lease agreements, with potential expansion to $86 billion if all renewal options are exercised (up to 30 years).”