CoreWeave 15-year leasing agreement for Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital secured long-term (15-year) leasing agreements with CoreWeave for Polaris Forge 1 AI/HPC data center campus, representing $7 billion in contracted revenue
Source (primary)
Applied Digital (APLD) Draws UBS Attention, Is The Stock Cheap Or Pricey? - simplywall.st (-, news_article)
View cached copy (2026-09-26)Live source ↗
Quote: “the company has recently secured long-term (15-year) leasing agreements with CoreWeave, a major AI hyperscaler, for its purpose-built AI/HPC data center campus, Polaris Forge 1, representing a total of $7 billion in contracted revenue”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The article states every element of this claim: 15-year CoreWeave leases for the Polaris Forge 1 AI/HPC campus, totaling $7 billion in contracted revenue. The statement appears in the excerpt the article quotes from the site's most-followed valuation narrative.
Confirmed in the source:
- Applied Digital secured leasing agreements with CoreWeave
- The leasing agreements are long-term, with a 15-year term
- The agreements cover Applied Digital's AI/HPC data center campus Polaris Forge 1
- The agreements represent a total of $7 billion in contracted revenue
What we did: Read our cached copy of the publisher (https://simplywall.st/stocks/us/software/nasdaq-apld/applied-digital/news/applied-digital-apld-draws-ubs-attention-is-the-stock-cheap) in full (11,590 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (APLD) Draws UBS Attention, Is The Stock Cheap Or Pricey? - simplywall.st
Quote: “the company has recently secured long-term (15-year) leasing agreements with CoreWeave, a major AI hyperscaler, for its purpose-built AI/HPC data center campus, Polaris Forge 1, representing a total of $7 billion in contracted revenue”