250 MW expansion leases by year-end
Company: Applied Digital
The claim, verbatim
Management projects expansion leases totaling 250 MW will be signed by year-end.
Source (primary)
Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “Management projects that expansion leases totaling 250 megawatts (MW) will be signed by year-end”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The article states that management projects expansion leases totaling 250 MW will be signed by year-end, with 100 MW at Polaris Forge 2 and 150 MW at Delta Forge 1.
Confirmed in the source:
- Applied Digital management projects that expansion leases will be signed by year-end
- The projected expansion leases total 250 MW
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/needham-cuts-applied-digital-price-141452666.html) in full (8,735 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance
Quote: “Management projects that expansion leases totaling 250 megawatts (MW) will be signed by year-end”
confirms Citizens JMP reiterates Applied Digital’s $60 target on capacity delivery - Yahoo Finance
Quote: “Management expects another 250 MW of expansion leases with existing customers to be signed by the end of the calendar year, at prices materially above prior leases.”
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 Inside Applied Digital earnings for Q1 FY 2027 - Yahoo Finance
Quote: “management expects approximately 250 MW of expansion leases to be signed by the end of calendar 2026”
confirms Applied Digital earnings: APLD beats expectations with $341.9M in revenue - Yahoo Finance
Quote: “management has said that it expects approximately 250 megawatts of expansion leases to be signed by the end of calendar 2026”