$25.2B contracted rent from investment-grade hyperscalers
Company: Applied Digital
The claim, verbatim
The remaining 69.6% of contracted rent, totaling $25.2 billion, comes from investment-grade hyperscalers.
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: “The remaining 69.6% of Applied Digital's contracted rent, totaling $25.2 billion, flows from investment-grade hyperscalers”
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: “The remaining 69.6% of Applied Digital's contracted rent, totaling $25.2 billion, flows from investment-grade hyperscalers”