Data center tenants
Company: Applied Digital
The claim, verbatim
Five data center campuses (three in North Dakota, two in the South) leased to CoreWeave and two investment-grade hyperscalers on take-or-pay basis
Source (primary)
Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - The Motley Fool (-, news_article)
View cached copy (2026-09-08)Live source ↗Archive.org ↗
Quote: “The five campuses (three in North Dakota and two in the South) are leased to CoreWeave and two investment-grade hyperscalers. Each lease runs 15 years on a take-or-pay basis, meaning the tenant owes the rent whether or not it uses the space.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document confirms the campus locations, the tenants, and the take-or-pay structure.
Confirmed in the source:
- Five campuses, three in North Dakota and two in the South
- Campuses are leased to CoreWeave and two investment-grade hyperscalers
- Each lease is on a take-or-pay basis
What we did: Read our cached copy of the publisher (https://www.fool.com/investing/2026/09/07/applied-digital-won-t-collect-most-of-its-rent-until-2029-i-d-wait-to-buy-the-stock/) in full (11,518 characters, retrieved September 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - The Motley Fool
Quote: “The five campuses (three in North Dakota and two in the South) are leased to CoreWeave and two investment-grade hyperscalers. Each lease runs 15 years on a take-or-pay basis, meaning the tenant owes the rent whether or not it uses the space.”