CoreWeave 15-year leases at 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 its Polaris Forge 1 AI/HPC data center campus, representing about $7 billion in contracted revenue.
Source (primary)
Applied Digital (APLD), Why Is Its Latest Update Drawing Attention? - Yahoo Finance (-, news_article)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
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 October 15, 2026. The cited source supports every part of this claim.
The article states every part of the claim: 15-year CoreWeave leases at Polaris Forge 1 worth $7 billion in contracted revenue. The statement comes from the 'most popular narrative' on Simply Wall St's platform that the article quotes, not from a company filing.
Confirmed in the source:
- Applied Digital secured long-term leasing agreements with CoreWeave
- The leasing agreements have 15-year terms
- The leases cover Applied Digital's purpose-built AI/HPC data center campus, Polaris Forge 1
- The leases represent a total of $7 billion in contracted revenue
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-apld-why-latest-081408119.html) in full (11,612 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (APLD), Why Is Its Latest Update Drawing Attention? - Yahoo Finance
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”