CoreWeave 250MW Ellendale leases
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital entered into two approximately 15-year lease agreements with CoreWeave to deliver 250 MW of critical IT load at its Ellendale, North Dakota campus.
Source (primary)
applied-digital 8-K exhibit (ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-13)Live source ↗
Quote: “Under the lease agreements, Applied Digital will deliver 250 megawatts (MW) of critical IT load to host CoreWeave”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The press release states that Applied Digital signed two roughly 15-year leases with CoreWeave to deliver 250 MW of critical IT load at its Ellendale, North Dakota campus.
Confirmed in the source:
- Applied Digital entered into two approximately 15-year lease agreements with CoreWeave
- Applied Digital will deliver 250 MW of critical IT load under the leases
- The capacity is at Applied Digital's Ellendale, North Dakota data center campus
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000164117225013199/ex99-2.htm) in full (7,957 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-2.htm)
Quote: “Under the lease agreements, Applied Digital will deliver 250 megawatts (MW) of critical IT load to host CoreWeave”