~250 MW expansion leases expected by end of 2026
Company: Applied Digital
The claim, verbatim
CEO Wes Cummins expects to sign roughly 250 MW of expansion leases by the end of calendar 2026 at materially higher pricing than prior leases.
Source (primary)
Applied Digital Has Lost 52% Since May: Needham Sees 194% Upside - TIKR.com (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “the roughly 250 megawatts of expansion leases Cummins expects to sign by the end of calendar 2026 “at materially higher pricing compared to prior leases.””
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The article identifies Wes Cummins as CEO and states he expects to sign roughly 250 megawatts of expansion leases by the end of calendar 2026 at materially higher pricing than prior leases.
Confirmed in the source:
- Wes Cummins is CEO of Applied Digital
- Cummins expects to sign roughly 250 megawatts of expansion leases
- The leases are expected to be signed by the end of calendar 2026
- The leases are expected at materially higher pricing compared to prior leases
What we did: Read our cached copy of the publisher (https://www.tikr.com/blog/applied-digital-has-lost-52-since-may-needham-sees-194-upside) in full (7,290 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Has Lost 52% Since May: Needham Sees 194% Upside - TIKR.com
Quote: “the roughly 250 megawatts of expansion leases Cummins expects to sign by the end of calendar 2026 “at materially higher pricing compared to prior leases.””
confirms Applied Digital Q1 Earnings Call Highlights - Yahoo Finance
Quote: “Applied Digital expects roughly 250 MW of expansion leases to be executed by the end of calendar 2026 at "materially higher pricing"”
confirms Applied Digital Ends the Quarter With $36 Billion in Contracted Revenue as AI Moat Widens - Yahoo Finance
Quote: “Applied Digital expects about 250 megawatts of expansion leases by calendar year-end.”
confirms How Much Of Applied Digital’s Fiscal Q1 Revenue Was Rent? - Yahoo Finance
Quote: “Management also anticipates securing about 250 megawatts of expansion leases by the end of calendar 2026 at materially higher prices than earlier agreements.”
confirms How Much Of Applied Digital’s Fiscal Q1 Revenue Was Rent? - Trefis
Quote: “Management also anticipates securing about 250 megawatts of expansion leases by the end of calendar 2026 at materially higher prices than earlier agreements.”