Funding needed for ~800 MW over next 12 months
Company: Applied Digital
The claim, verbatim
CEO Wes Cummins disclosed on November 2 that Applied Digital still needs to secure funding for approximately 800 megawatts of capacity 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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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”