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Single HPC customer with 15-year lease agreements

Company: Applied Digital

Subject kind
customer
Statement date
2025-07-29
Current status
stated

The claim, verbatim

Applied Digital has one customer in its HPC Hosting Business party to two fifteen-year term leases

Source (primary)

Applied Digital 10-K filed 2025-07-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “We currently have one customer in this business segment, which is a party to two fifteen-year term leases with us”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487925000021/apld-20250531.htm) in full (513,758 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 10-K filed 2025-07-30

Quote: “We currently have one customer in this business segment, which is a party to two fifteen-year term leases with us”

View cached copy (2026-08-31)Live source ↗