400 MW CoreWeave lease at Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
CoreWeave holds 400 MW under contract at Polaris Forge 1, representing approximately $11 billion of prospective lease revenue over the term of its leases
Source (primary)
applied-digital 8-K exhibit (apldq226earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-22)Live source ↗
Quote: “CoreWeave holds 400 MW under contract at Polaris Forge 1, representing approximately $11 billion of prospective lease revenue over the term of its leases”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The management commentary states this nearly word for word.
Confirmed in the source:
- CoreWeave holds 400 MW under contract at Polaris Forge 1
- The CoreWeave leases represent approximately $11 billion of prospective lease revenue over their term
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000002/apldq226earningsrelease.htm) in full (44,381 characters, retrieved September 22, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq226earningsrelease.htm)
Quote: “CoreWeave holds 400 MW under contract at Polaris Forge 1, representing approximately $11 billion of prospective lease revenue over the term of its leases”