CoreWeave long-term data center lease
Company: Applied Digital
The claim, verbatim
Applied Digital secured long-term (15-year) leasing agreements with CoreWeave for its 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 and a multi-year, recurring, and predictable revenue stream that directly supports future revenue growth and cash flow stability.”
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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 and a multi-year, recurring, and predictable revenue stream that directly supports future revenue growth and cash flow stability.”