Three 15-year take-or-pay leases with hyperscaler worth $20 billion
Company: Applied Digital
The claim, verbatim
Three recently signed 15-year take-or-pay leases with the same investment-grade hyperscaler account for roughly $20 billion of contracted revenues
Source (primary)
APLD's Hyperscaler Concentration Grows: Are Revenues at Risk? - Yahoo Finance (-, news_article)
View cached copy (2026-09-04)Live source ↗Archive.org ↗
Quote: “three recently signed 15-year take-or-pay leases with the same high investment-grade hyperscaler account for roughly $20 billion of contracted revenues.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article says three recently signed 15-year take-or-pay leases with the same high investment-grade hyperscaler account for roughly $20 billion of contracted revenues.
Confirmed in the source:
- APLD recently signed three leases
- The leases are 15-year take-or-pay agreements
- All three are with the same investment-grade hyperscaler
- The three leases account for roughly $20 billion of contracted revenues
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/aplds-hyperscaler-concentration-grows-revenues-155800622.html) in full (11,581 characters, retrieved September 4, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms APLD's Hyperscaler Concentration Grows: Are Revenues at Risk? - Yahoo Finance
Quote: “three recently signed 15-year take-or-pay leases with the same high investment-grade hyperscaler account for roughly $20 billion of contracted revenues.”