Needs funding for ~800MW over next 12 months
Company: Applied Digital
The claim, verbatim
CEO Wes Cummins disclosed the company still needs to secure funding for approximately 800 MW over the coming twelve months.
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)
View cached copy (2026-11-12)Live source ↗
Quote: “CEO Wes Cummins disclosed on November 2 that the company still needs to secure funding for approximately 800 megawatts over the coming twelve months”
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: “CEO Wes Cummins disclosed on November 2 that the company still needs to secure funding for approximately 800 megawatts over the coming twelve months”