Future expansion leases planned
Company: Applied Digital
The claim, verbatim
Two expansion leases covering approximately 100 and 150 megawatts are currently in negotiation, expected to be finalized at materially higher rates than recent deals
Source (primary)
Applied Digital (NASDAQ: APLD) Stock Has Fallen 44% In Three Months, But A $36 Billion Backlog Tells A Different Story - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-09-05)Live source ↗Archive.org ↗
Quote: “two expansion leases currently in negotiation, covering approximately 100 and 150 megawatts, are finalized at the materially higher rates management expects”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states both the leases in negotiation and management's expectation of materially higher rates.
Confirmed in the source:
- Two expansion leases covering approximately 100 and 150 megawatts are currently in negotiation
- Management expects those leases to be finalized at materially higher rates
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/09/04/applied-digital-nasdaq-apld-stock-has-fallen-44-in-three-months-but-a-36-billion-backlog-tells-a-different-story/) in full (4,165 characters, retrieved September 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (NASDAQ: APLD) Stock Has Fallen 44% In Three Months, But A $36 Billion Backlog Tells A Different Story - foreignpolicyjournal.com
Quote: “two expansion leases currently in negotiation, covering approximately 100 and 150 megawatts, are finalized at the materially higher rates management expects”