Investment-grade hyperscaler backing of contracted revenue
Company: Applied Digital
The claim, verbatim
70% of Applied Digital's contracted revenue is backed by U.S.-based investment-grade hyperscalers
Source (primary)
Tiger Global Takes New Position In Applied Digital (NASDAQ: APLD) As AI Data Center Demand Surges - foreignpolicyjournal.com (-, news_article)
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Quote: “A notable 70% of the firm's contracted revenue is now backed by U.S.-based investment-grade hyperscalers”
How we checked this
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Additional evidence
confirms Tiger Global Takes New Position In Applied Digital (NASDAQ: APLD) As AI Data Center Demand Surges - foreignpolicyjournal.com
Quote: “A notable 70% of the firm's contracted revenue is now backed by U.S.-based investment-grade hyperscalers”