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)
View cached copy (2026-08-31)Live source ↗
Quote: “A notable 70% of the firm's contracted revenue is now backed by U.S.-based investment-grade hyperscalers”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states 70% of the firm's contracted revenue is now backed by U.S.-based investment-grade hyperscalers.
Confirmed in the source:
- 70% of Applied Digital's contracted revenue is backed by U.S.-based investment-grade hyperscalers
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/08/20/tiger-global-takes-new-position-in-applied-digital-nasdaq-apld-as-ai-data-center-demand-surges/) in full (3,156 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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”