CoreWeave Polaris Forge 1 lease
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
CoreWeave signed three 15-year leases with three 5-year renewal options for 400 MW of critical IT load at Polaris Forge 1 (delivery 2H 2025 to 1H 2027)
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “CoreWeave - Signed three 15-year leases with three 5-year options for 3 buildings at Polaris Forge 1, utilizing 400 MW of Critical IT load”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The presentation's timeline and lease table state the CoreWeave lease count, term, options, capacity and delivery window exactly as claimed.
Confirmed in the source:
- CoreWeave signed three 15-year leases at Polaris Forge 1
- The leases carry three 5-year renewal options
- The leases cover 400 MW of critical IT load
- Polaris Forge 1 delivery dates are 2H 2025 / 1H 2027
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/_assets/_c3b095776b399204354d8f26dbb2553c/appliedblockchaininc/db/2905/27269/pdf/APLD_INV_June2026_Updated-compressed.pdf) in full (47,679 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “CoreWeave - Signed three 15-year leases with three 5-year options for 3 buildings at Polaris Forge 1, utilizing 400 MW of Critical IT load”