Leases capacity to CoreWeave and hyperscalers; ~$36B contracted revenue
Company: Applied Digital
The claim, verbatim
Applied Digital leases capacity to CoreWeave and investment-grade hyperscalers and holds about $36B in contracted revenue.
Source (primary)
Applied Digital Keeps Cratering: This Analyst Keeps Insisting It’s Going to Jump by 390% - 24/7 Wall St. (-, news_article)
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Quote: “It leases capacity to CoreWeave ( NASDAQ:CRWV ) and investment-grade hyperscalers and holds about $36B in contracted revenue.”
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Additional evidence
confirms Applied Digital Keeps Cratering: This Analyst Keeps Insisting It’s Going to Jump by 390% - 24/7 Wall St.
Quote: “It leases capacity to CoreWeave ( NASDAQ:CRWV ) and investment-grade hyperscalers and holds about $36B in contracted revenue.”