Revenue concentration with investment-grade hyperscalers
Company: Applied Digital
The claim, verbatim
Approximately 70% of Applied Digital's contracted revenue is backed by U.S. based investment-grade hyperscalers.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-06)Live source ↗
Quote: “Approximately 70% of 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 approximately 70% of contracted revenue is backed by U.S. based investment-grade hyperscalers.
Confirmed in the source:
- Approximately 70% of Applied Digital's contracted revenue is backed by U.S. based investment-grade hyperscalers
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/ex99-1.htm) in full (9,210 characters, retrieved September 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “Approximately 70% of contracted revenue is now backed by U.S. based investment-grade hyperscalers.”