Contracted revenue backlog
Company: Applied Digital
The claim, verbatim
Applied Digital holds about $36 billion of revenue under contract.
Source (primary)
How Much Of Applied Digital’s Fiscal Q1 Revenue Was Rent? - Trefis (-, news_article)
View cached copy (2026-10-15)Live source ↗Archive.org ↗
Quote: “holds about $36 billion of revenue under contract”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The article states directly that Applied Digital holds about $36 billion of revenue under contract.
Confirmed in the source:
- Applied Digital holds about $36 billion of revenue under contract.
What we did: Read our cached copy of the publisher (https://www.trefis.com/stock/apld/articles/618482/how-much-of-applied-digitals-fiscal-q1-revenue-was-rent/2026-10-13) in full (11,429 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms How Much Of Applied Digital’s Fiscal Q1 Revenue Was Rent? - Trefis
Quote: “holds about $36 billion of revenue under contract”