Lease rates could rise >15%
Company: Applied Digital
The claim, verbatim
Cummins said lease rates on expansion leases could rise by more than 15%, possibly with longer terms.
Source (primary)
Applied Digital Ends the Quarter With $36 Billion in Contracted Revenue as AI Moat Widens - Yahoo Finance (-, news_article)
View cached copy (2026-10-12)Live source ↗Archive.org ↗
Quote: “Cummins said rates could rise by more than 15%, possibly with longer terms.”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The article says Cummins expects about 250 MW of expansion leases and that rates could rise more than 15%, possibly with longer terms.
Confirmed in the source:
- Cummins said rates on the expected expansion leases could rise by more than 15%
- Cummins said the expansion leases could possibly have longer terms
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/technology/ai/articles/applied-digital-ends-quarter-36-193002231.html) in full (13,480 characters, retrieved October 12, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Ends the Quarter With $36 Billion in Contracted Revenue as AI Moat Widens - Yahoo Finance
Quote: “Cummins said rates could rise by more than 15%, possibly with longer terms.”