Contract value from three recent leases
Company: Applied Digital
The claim, verbatim
Roughly $20 billion of contracted value came from three recent leases, all with the same investment-grade hyperscaler customer
Source (primary)
What Are You Actually Buying In Applied Digital Stock? - Trefis (-, news_article)
View cached copy (2026-09-04)Live source ↗Archive.org ↗
Quote: “Roughly $20 billion of the $36 billion came from those three, all signed with the same high investment-grade hyperscaler”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article says roughly $20 billion of the $36 billion came from the three leases, all with the same high investment-grade hyperscaler.
Confirmed in the source:
- Roughly $20 billion of Applied Digital's contracted lease value came from its three most recent leases
- All three leases were signed with the same high investment-grade hyperscaler
What we did: Read our cached copy of the publisher (https://www.trefis.com/stock/apld/articles/614232/what-are-you-actually-buying-in-applied-digital-stock/2026-09-03) in full (6,823 characters, retrieved September 4, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms What Are You Actually Buying In Applied Digital Stock? - Trefis
Quote: “Roughly $20 billion of the $36 billion came from those three, all signed with the same high investment-grade hyperscaler”