Target lease-rate increases
Company: Applied Digital
The claim, verbatim
CEO Wes Cummins said the company is targeting lease-rate increases of more than 15% versus earlier agreements, potentially with longer lease durations.
Source (primary)
Inside Applied Digital earnings for Q1 FY 2027 - Yahoo Finance (-, news_article)
View cached copy (2026-10-12)Live source ↗
Quote: “the company is targeting lease-rate increases of more than 15% compared with earlier agreements, potentially combined with longer lease durations”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The article states that CEO Wes Cummins indicated the company is targeting lease-rate increases of more than 15% versus earlier agreements, potentially with longer lease durations.
Confirmed in the source:
- CEO Wes Cummins indicated the company is targeting lease-rate increases of more than 15% compared with earlier agreements
- The higher lease rates may potentially be combined with longer lease durations
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/technology/articles/inside-applied-digital-earnings-q1-233124734.html) in full (9,418 characters, retrieved October 12, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Inside Applied Digital earnings for Q1 FY 2027 - Yahoo Finance
Quote: “the company is targeting lease-rate increases of more than 15% compared with earlier agreements, potentially combined with longer lease durations”
confirms Applied Digital earnings: APLD beats expectations with $341.9M in revenue - Yahoo Finance
Quote: “the company is targeting a lease rate increase of more than 15% compared with earlier agreements”