$36B contracted revenue backlog with CoreWeave and hyperscalers
Company: Applied Digital
The claim, verbatim
As of Aug. 31, 2026, Applied Digital had about $36 billion of contracted revenues over initial base terms, backed by CoreWeave and investment-grade hyperscalers, with leases generally 15-year take-or-pay.
Source (primary)
Can APLD's $36B Contracted Revenue Base Drive Long-Term Growth? - The Globe and Mail (-, news_article)
View cached copy (2026-10-11)Live source ↗Archive.org ↗
Quote: “representing about $36 billion of contracted revenues over initial base terms. The portfolio is backed by CoreWeave and investment-grade hyperscalers, with leases generally structured for 15 years and on a take-or-pay basis”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The article states that as of Aug. 31, 2026, APLD's contracts represented about $36 billion over initial base terms. It also says the contracts are backed by CoreWeave and investment-grade hyperscalers, with leases generally 15-year and take-or-pay.
Confirmed in the source:
- As of Aug. 31, 2026, Applied Digital had about $36 billion of contracted revenues over initial base terms
- The contracted portfolio is backed by CoreWeave and investment-grade hyperscalers
- The leases are generally structured for 15 years
- The leases are on a take-or-pay basis
What we did: Read our cached copy of the publisher (https://www.theglobeandmail.com/investing/markets/stocks/CORZ/pressreleases/5091546/can-aplds-36b-contracted-revenue-base-drive-long-term-growth/) in full (7,226 characters, retrieved October 11, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Can APLD's $36B Contracted Revenue Base Drive Long-Term Growth? - The Globe and Mail
Quote: “representing about $36 billion of contracted revenues over initial base terms. The portfolio is backed by CoreWeave and investment-grade hyperscalers, with leases generally structured for 15 years and on a take-or-pay basis”