Leases of 15+ years on take-or-pay terms
Company: Applied Digital
The claim, verbatim
The company leases its data centers to tech companies on terms of 15 years or more, on a take-or-pay basis.
Source (primary)
APLD Stock Hits Over 1-Year Low: CEO Says It’s Not a Neocloud, But 800 MW Capacity Still Needs Financing - Stocktwits (-, news_article)
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Quote: “The company builds data centers and 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 - Stocktwits
Quote: “The company builds data centers and leases them to tech companies on terms of 15 years or more. The leases are “take or pay,””