# Applied Digital seeks billions in power guarantees before signing leases

_Published Sunday, November 15, 2026 at 11:06 AM EST · Infrastructure · Latest · Tier 2 — Notable_

![Applied Digital seeks billions in power guarantees before signing leases — Primary](https://media.thenextweb.com/2026/07/Meta-el-paso-data-center.jpg)

Applied Digital is asking prospective tenants including Oracle and Meta for billions of dollars in guarantees before signing data center leases, Bloomberg reported, citing a person familiar with the matter. The guarantees secure electricity for the sites and usually cover grid connection costs. Nvidia and AMD are also being asked for guarantees, set case by case.

The developer has capped leasing to junk-rated neoclouds such as CoreWeave to avoid additional utility demands associated with weaker tenants. Chief executive Wes Cummins said Applied Digital prefers a tenant mix of 70% investment-grade and 30% non-investment-grade.

CoreWeave said its partnership with Applied Digital remains strong. Meta had no comment, and Oracle declined to comment.

## Sources

- [The Next Web](https://thenextweb.com/news/applied-digital-power-guarantees-oracle-meta-grid-costs)

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Canonical: https://techandbusiness.org/newswire/03L4iaS46V1nFVaEGTwPLu
Published: 2026-11-15T16:06:58.706Z
Story chronology: 2026-11-15T15:29:17.000Z
Retrieved: 2026-11-15T23:01:24.498Z
Publisher: Tech & Business (techandbusiness.org)