Contracted lease revenue backlog
Company: Applied Digital
The claim, verbatim
Leased capacity represents about $36 billion in revenue over initial lease terms.
Source (primary)
Citizens JMP reiterates Applied Digital’s $60 target on capacity delivery - Yahoo Finance (-, news_article)
View cached copy (2026-10-15)Live source ↗
Quote: “representing about $36 billion in revenue over initial lease terms”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The article says the roughly 1.41 GW of leased load represents about $36 billion in revenue over initial lease terms.
Confirmed in the source:
- Applied Digital's leased capacity represents about $36 billion in revenue over initial lease terms
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/citizens-jmp-reiterates-applied-digital-152618122.html) in full (7,685 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Citizens JMP reiterates Applied Digital’s $60 target on capacity delivery - Yahoo Finance
Quote: “representing about $36 billion in revenue over initial lease terms”