Total contracted revenue $36.2B as of May 31
Company: Applied Digital
The claim, verbatim
Applied Digital had $36.2 billion in total contracted revenue as of May 31; CoreWeave represents 30.4% and a tier-one hyperscaler 55.8%.
Source (primary)
Applied Digital (NASDAQ: APLD) Carries $11 Billion In CoreWeave (NASDAQ: CRWV) Exposure As Tenant's Bonds Signal Deep Distress - Foreign Policy Journal (-, news_article)
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Quote: “representing 30.4% of Applied Digital's $36.2 billion in total contracted revenue as of May 31”
How we checked this
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Additional evidence
confirms Applied Digital (NASDAQ: APLD) Carries $11 Billion In CoreWeave (NASDAQ: CRWV) Exposure As Tenant's Bonds Signal Deep Distress - Foreign Policy Journal
Quote: “representing 30.4% of Applied Digital's $36.2 billion in total contracted revenue as of May 31”