~800 MW of capacity still needs financing within 12 months
Company: Applied Digital
The claim, verbatim
CEO Wes Cummins told CNBC that about 800 megawatts of capacity still needs financing over the next 12 months.
Source (primary)
Is Applied Digital (APLD) Stock a Value Trap or a Golden Multibagger Buying Opportunity at 52-Week Lows? - Yahoo Finance (-, news_article)
View cached copy (2026-11-08)Live source ↗Archive.org ↗
Quote: “Wes Cummins told CNBC that about 800 megawatts of capacity still needs financing over the next 12 months”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The article says Applied Digital's chief executive spoke about unraised financing and names Wes Cummins as telling CNBC that about 800 MW still needs financing over the next 12 months.
Confirmed in the source:
- Applied Digital's chief executive is Wes Cummins
- Wes Cummins told CNBC that about 800 megawatts of capacity still needs financing
- The financing is needed over the next 12 months
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-apld-stock-value-232808656.html) in full (10,662 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Is Applied Digital (APLD) Stock a Value Trap or a Golden Multibagger Buying Opportunity at 52-Week Lows? - Yahoo Finance
Quote: “Wes Cummins told CNBC that about 800 megawatts of capacity still needs financing over the next 12 months”
confirms Texas Data Center Freeze Threatens Rivals But Leaves Applied Digital (NASDAQ: APLD) Largely Unscathed As Shares Recover - Foreign Policy Journal
Quote: “CEO Wes Cummins stated on CNBC that the company requires financing for roughly 800 MW of capacity within the next 12 months”