AI/HPC lease backlog of ~1.41 GW expected to generate ~$36.2B over 15 years
Company: Applied Digital
The claim, verbatim
As of mid-2026, Applied Digital reported a backlog of long-term AI and HPC leases covering roughly 1.41 GW of critical IT load, expected to generate about $36.2 billion over 15 years.
Source (primary)
Applied Digital insiders buy roughly $7M in shares as stock slides more than 30% - Crypto Briefing (-, news_article)
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Quote: “As of mid-2026, the company reported a backlog of long-term AI and HPC leases covering roughly 1.41 GW of critical IT load. Those leases are expected to generate about $36.2 billion over 15 years.”
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Additional evidence
confirms Applied Digital insiders buy roughly $7M in shares as stock slides more than 30% - Crypto Briefing
Quote: “As of mid-2026, the company reported a backlog of long-term AI and HPC leases covering roughly 1.41 GW of critical IT load. Those leases are expected to generate about $36.2 billion over 15 years.”