~$36B base-term contracted revenue
Company: Applied Digital
The claim, verbatim
Leases represent approximately $36 billion of contracted revenue over initial base terms, or approximately $86 billion if all renewal options are exercised.
Source (primary)
Applied Digital Reports Fiscal First Quarter 2027 Results - Applied Digital Corporation (APLD) (-, news_article)
View cached copy (2026-10-08)Live source ↗Archive.org ↗
Quote: “Those leases represent approximately $36 billion of contracted revenue over their initial base terms, or approximately $86 billion if all renewal options are exercised”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The release states both the ~$36 billion base-term figure and the ~$86 billion figure including renewals, for leases as of August 31, 2026.
Confirmed in the source:
- Applied Digital's leases represent approximately $36 billion of contracted revenue over their initial base terms
- Those leases represent approximately $86 billion of contracted revenue if all renewal options are exercised
What we did: Read our cached copy of the publisher (https://ir.applieddigital.com/news-events/press-releases/detail/163/applied-digital-reports-fiscal-first-quarter-2027-results) in full (41,009 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Reports Fiscal First Quarter 2027 Results - Applied Digital Corporation (APLD)
Quote: “Those leases represent approximately $36 billion of contracted revenue over their initial base terms, or approximately $86 billion if all renewal options are exercised”