Contracted revenue backlog
Company: Applied Digital
The claim, verbatim
Leased capacity backs $36 billion in contracted revenue.
Source (primary)
Applied Digital Stock Gains as Fiscal Q1 Revenue Leaps 300% - TIKR.com (-, news_article)
View cached copy (2026-10-10)Live source ↗Archive.org ↗
Quote: “That backs $36 billion in contracted revenue.”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article says the 1.41 GW of leased critical IT load backs $36 billion in contracted revenue.
Confirmed in the source:
- Applied Digital's leased capacity backs $36 billion in contracted revenue
What we did: Read our cached copy of the publisher (https://www.tikr.com/blog/applied-digital-stock-q1-revenue-jumps-322-percent) in full (7,061 characters, retrieved October 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Stock Gains as Fiscal Q1 Revenue Leaps 300% - TIKR.com
Quote: “That backs $36 billion in contracted revenue.”
confirms Applied Digital Has Fallen Hard Over 1 Year: One Lead Analyst Says It’s Going to Nearly Triple in Price - Yahoo Finance
Quote: “about $36B in contracted lease revenue over initial 15-year terms”