Total contracted lease portfolio
Company: Applied Digital
The claim, verbatim
As of May 31, 2026, executed long-term leases representing approximately 1,410 MW of contracted critical IT load across five campuses, representing approximately $36.2 billion of total contracted revenue over initial 15-year base lease terms.
Source (primary)
View 10-K (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “As of May 31, 2026, we had executed long-term leases representing approximately 1,410 MW of contracted critical IT load across five campuses, representing approximately $36.2 billion of total contracted revenue over the initial 15-year base lease terms.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K states the 1,410 MW, five-campus, $36.2 billion contracted lease portfolio as of May 31, 2026.
Confirmed in the source:
- As of May 31, 2026, Applied Digital had executed long-term leases for approximately 1,410 MW of contracted critical IT load
- The leases span five campuses
- The leases represent approximately $36.2 billion of total contracted revenue over the initial 15-year base lease terms
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000048/0001144879-26-000048.pdf) in full (630,756 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K
Quote: “As of May 31, 2026, we had executed long-term leases representing approximately 1,410 MW of contracted critical IT load across five campuses, representing approximately $36.2 billion of total contracted revenue over the initial 15-year base lease terms.”