~250 MW of expansion leases expected by year-end 2026
Company: Applied Digital
The claim, verbatim
Applied Digital expects to sign about 250 megawatts of expansion leases by the end of calendar 2026, with rates that Cummins said could rise 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: “Applied Digital expects about 250 megawatts of expansion leases by calendar year-end. 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 the company expects about 250 MW of expansion leases by calendar year-end. It also quotes Cummins saying rates could rise more than 15%, possibly with longer terms.
Confirmed in the source:
- Applied Digital expects about 250 megawatts of expansion leases by calendar year-end (the article is dated October 2026)
- Cummins said rates could rise by more than 15%
- Cummins said the 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: “Applied Digital expects about 250 megawatts of expansion leases by calendar year-end. Cummins said rates could rise by more than 15%, possibly with longer terms.”