Contracted revenue over initial lease terms
Company: Applied Digital
The claim, verbatim
Leases represent $36 billion of contracted revenue over initial terms, or $86 billion with renewals.
Source (primary)
Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2% - 24/7 Wall St. (-, news_article)
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Quote: “representing $36 billion of contracted revenue over initial terms, or $86 billion with renewals”
How we checked this
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Additional evidence
confirms Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2% - 24/7 Wall St.
Quote: “representing $36 billion of contracted revenue over initial terms, or $86 billion with renewals”