Total contracted critical IT load across all campuses
Company: Applied Digital
The claim, verbatim
Secured 1.4 GW of contracted critical IT load representing approximately $36 billion in total contracted lease revenue over 15-year base terms, or approximately $86 billion with all renewal options exercised.
Source (primary)
EX-99.1 (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗
Quote: “With these agreements, we have secured 1.4 gigawatts ("GW") of contracted critical IT load, representing approximately $36 billion in total contracted lease revenue — or approximately $86 billion if all renewal options are exercised.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The management commentary and the HPC Hosting Update state every element of this claim, including the 15-year base-term framing.
Confirmed in the source:
- Applied Digital has secured approximately 1.4 GW of contracted critical IT load
- This represents approximately $36 billion in total contracted lease revenue over the initial 15-year base lease terms
- The figure rises to approximately $86 billion if all renewal options are exercised
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000044/apldq426earningsreleaseasf.htm) in full (54,584 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms EX-99.1
Quote: “With these agreements, we have secured 1.4 gigawatts ("GW") of contracted critical IT load, representing approximately $36 billion in total contracted lease revenue — or approximately $86 billion if all renewal options are exercised.”