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)
Applied Digital 10-K filed 2026-07-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
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 September 13, 2026. The cited source supports every part of this claim.
The 10-K states the 1,410 MW and $36.2 billion portfolio totals as of May 31, 2026, and the lease portfolio table matches them.
Confirmed in the source:
- As of May 31, 2026, Applied Digital had executed long-term leases
- The leases represent 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
- The revenue figure covers the initial 15-year base lease terms
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm) in full (594,188 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2026-07-29
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.”