Advanced talks with third hyperscaler

Checked on October 13, 2026. The cited source supports part of this claim, but not all of it.

The advanced talks and their regions are stated in the release, but the company did not say it expects to begin construction; it said it believes it is well positioned to, while cautioning that there is no assurance of future contracts.

Confirmed in the source:

• Applied Digital said it is in advanced discussions with another investment-grade hyperscaler
• Those discussions span multiple regions, including additional locations in the Dakotas and select southern U.S. markets
• CEO Wes Cummins said the company believes it is well positioned to begin construction on these new sites in the near term

We could not confirm this from the cited source:

• Applied Digital expects to begin construction on these new sites in the near term (the release says only that it believes it is 'well positioned' to do so, and states there can be no assurance of future contracts)

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/142/applied-digital-reports-fiscal-second-quarter-2026-results/) in full (45,597 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.

confirms Earnings Release

Quote: “We are also in advanced discussions with another investment-grade hyperscaler across multiple regions, including additional locations in the Dakotas and select southern U.S. markets.”

View cached copy (2026-10-08)Live source ↗Archive.org ↗