Planned 50 MW Texas facility
Company: Applied Digital
The claim, verbatim
Applied Digital has only a planned 50 MW facility in Texas; its main leased campuses are elsewhere.
Source (primary)
Morgan Stanley cuts its Applied Digital target to $25 from $41 - Startup Fortune (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “Applied Digital has only a planned 50 MW facility in the state, and its main leased campuses sit elsewhere.”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article states both that the company's only Texas facility is a planned 50 MW site and that its main leased campuses are elsewhere.
Confirmed in the source:
- Applied Digital has only a planned 50 MW facility in Texas
- Applied Digital's main leased campuses are outside Texas
What we did: Read our cached copy of the publisher (https://startupfortune.com/morgan-stanley-cuts-its-applied-digital-target-to-25-from-41/) in full (8,486 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Morgan Stanley cuts its Applied Digital target to $25 from $41 - Startup Fortune
Quote: “Applied Digital has only a planned 50 MW facility in the state, and its main leased campuses sit elsewhere.”