15+ year take-or-pay data center leases
Company: Applied Digital
The claim, verbatim
Applied Digital builds data centers and leases them to tech companies on take-or-pay terms of 15 years or more.
Source (primary)
APLD Stock Hits Over 1-Year Low: CEO Says It’s Not a Neocloud, But 800 MW Capacity Still Needs Financing - Yahoo Finance (-, news_article)
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Quote: “leases them to tech companies on terms of 15 years or more. The leases are "take or pay,"”
How we checked this
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Additional evidence
confirms APLD Stock Hits Over 1-Year Low: CEO Says It’s Not a Neocloud, But 800 MW Capacity Still Needs Financing - Yahoo Finance
Quote: “leases them to tech companies on terms of 15 years or more. The leases are "take or pay,"”