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CoreWeave lease concentration

Company: Applied Digital

Subject kind
customer
Statement date
2026-11-05
Current status
stated

The claim, verbatim

A lease with CoreWeave makes up a large share of Applied Digital's contracted revenue.

Source (primary)

Applied Digital Plunges 17%, Cipher Digital Sinks 14%, TeraWulf Tumbles 13% as Texas Data Center Fears Deepen - 24/7 Wall St. (-, news_article)
View cached copy (2026-11-06)Live source ↗Archive.org ↗

Quote: “a lease with CoreWeave ( NASDAQ:CRWV ) makes up a large share of its contracted revenue”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Applied Digital Plunges 17%, Cipher Digital Sinks 14%, TeraWulf Tumbles 13% as Texas Data Center Fears Deepen - 24/7 Wall St.

Quote: “a lease with CoreWeave ( NASDAQ:CRWV ) makes up a large share of its contracted revenue”

View cached copy (2026-11-06)Live source ↗Archive.org ↗

confirms Applied Digital Plunges 17%, Cipher Digital Sinks 14%, TeraWulf Tumbles 13% as Texas Data Center Fears Deepen - Yahoo Finance

Quote: “a lease with CoreWeave ( NASDAQ:CRWV ) makes up a large share of its contracted revenue”

View cached copy (2026-11-06)Live source ↗Archive.org ↗