Total CoreWeave contracted revenue
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Total contracted revenue from CoreWeave leases would reach approximately $11 billion over ~15-year terms.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “would bring total contracted revenue to approximately $11 billion for the approximately 15-year lease terms”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The release says CoreWeave's option for an extra 150MW would bring total contracted revenue to about $11 billion over the roughly 15-year lease terms. The claim's 'would' matches the release's conditional wording, since the third lease was still being finalized.
Confirmed in the source:
- Applied Digital says total contracted revenue from its CoreWeave leases would reach approximately $11 billion, assuming the third lease from CoreWeave's 150MW option exercise is signed
- The leases run approximately 15 years
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/126/applied-digital-reports-fiscal-fourth-quarter-and-full-year/) in full (41,868 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “would bring total contracted revenue to approximately $11 billion for the approximately 15-year lease terms”