Investment-grade hyperscaler backing of contracted revenue
Company: Applied Digital
The claim, verbatim
Approximately 65% of APLD's total contracted lease revenue is backed by investment-grade hyperscalers
Source (primary)
APLD Stock Rallies After Hours On Massive New $7.5 Billion Hyperscaler Lease: Retail Think Firm Should Be Worth More Than Rival IREN - Stocktwits (-, news_article)
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Quote: “roughly 65% backed by investment-grade hyperscalers”
How we checked this
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Additional evidence
confirms APLD Stock Rallies After Hours On Massive New $7.5 Billion Hyperscaler Lease: Retail Think Firm Should Be Worth More Than Rival IREN - Stocktwits
Quote: “roughly 65% backed by investment-grade hyperscalers”