15-year take-or-pay leases with primary hyperscaler
Company: Applied Digital
The claim, verbatim
APLD has three 15-year take-or-pay leases with one high-investment-grade hyperscaler totaling approximately $20 billion in 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 19, 2026. The cited source supports every part of this claim.
The document states three recently signed 15-year take-or-pay leases with the same high-investment-grade hyperscaler account for roughly $20 billion of contracted revenues, covering every assertion.
Confirmed in the source:
- APLD has three 15-year take-or-pay leases with a single high-investment-grade hyperscaler
- Those 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”