Contracted lease backlog
Company: Applied Digital
The claim, verbatim
Management says the contracted backlog reaches roughly $86B if all renewal options are exercised, backed by about 1.41 GW of leased critical IT load.
Source (primary)
Analyst Sees 393% Upside In Applied Digital (NASDAQ: APLD) Even As The Stock Collapses Toward Its 52-Week Low - Foreign Policy Journal (-, news_article)
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Quote: “a contracted backlog that management says reaches roughly $86B if all renewal options are exercised, backed by about 1.41 GW of leased critical IT load”
How we checked this
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Additional evidence
confirms Analyst Sees 393% Upside In Applied Digital (NASDAQ: APLD) Even As The Stock Collapses Toward Its 52-Week Low - Foreign Policy Journal
Quote: “a contracted backlog that management says reaches roughly $86B if all renewal options are exercised, backed by about 1.41 GW of leased critical IT load”