1.41 GW leased across five campuses, ~$36B contracted
Company: Applied Digital
The claim, verbatim
As of August 31, 2026, the company has leases for approximately 1.41 GW of critical IT load across five campuses, representing approximately $36 billion of contracted revenue over initial base terms, or approximately $86 billion with all renewal options.
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: “the Company has leases for approximately 1.41 GW of critical IT load across five campuses ... 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 HPC Hosting Update section states the 1.41 GW leased across five campuses as of August 31, 2026, and the $36 billion base-term and $86 billion with-renewals contracted revenue figures.
Confirmed in the source:
- As of August 31, 2026, Applied Digital had leases for approximately 1.41 GW of critical IT load
- The leases span five campuses
- The leases represent approximately $36 billion of contracted revenue over their initial base terms
- The leases represent approximately $86 billion 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: “the Company has leases for approximately 1.41 GW of critical IT load across five campuses ... Those leases represent approximately $36 billion of contracted revenue over their initial base terms, or approximately $86 billion if all renewal options are exercised”