CoreWeave 250MW Data Center Lease
Company: Applied Digital
The claim, verbatim
Applied Digital signed two 15-year lease agreements with CoreWeave to deliver 250 megawatts of critical IT load at Polaris Forge 1 in Ellendale, North Dakota, generating approximately $7 billion in contracted revenue
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Announced 250MW AI Data Center Leases With CoreWeave in North Dakota - Over the approximately 15-year lease terms, Applied Digital anticipates generating approximately $7 billion in contracted revenue from the leases.”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “Announced 250MW AI Data Center Leases With CoreWeave in North Dakota - Over the approximately 15-year lease terms, Applied Digital anticipates generating approximately $7 billion in contracted revenue from the leases.”