Next campuses leased to Tier 1 hyperscaler
Company: Applied Digital
The claim, verbatim
On the October 7, 2026 call, management said the next campuses Applied Digital must finance are all leased to the same Tier 1 investment-grade hyperscaler under 15-year take-or-pay leases.
Source (primary)
How Did Applied Digital Stock Leave Its Industry Behind? - Trefis (-, news_article)
View cached copy (2026-10-28)Live source ↗Archive.org ↗
Quote: “management said the next campuses it must finance are all leased to the same Tier 1 investment-grade hyperscaler under 15-year take-or-pay leases”
How we checked this
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Additional evidence
confirms How Did Applied Digital Stock Leave Its Industry Behind? - Trefis
Quote: “management said the next campuses it must finance are all leased to the same Tier 1 investment-grade hyperscaler under 15-year take-or-pay leases”