CoreWeave 400 MW Polaris Forge 1 lease
Company: Applied Digital
The claim, verbatim
Applied Digital leases all 400 MW of its Polaris Forge 1 campus in North Dakota to CoreWeave under a 15-year, non-cancellable take-or-pay lease worth about $11.0 billion over its base term.
Source (primary)
CoreWeave Has “a Sentiment Problem.” Its Landlord Applied Digital Has $11 Billion Riding on It - TIKR.com (-, news_article)
View cached copy (2026-11-11)Live source ↗Archive.org ↗
Quote: “The Polaris Forge 1 lease runs 15 years on take-or-pay terms and is worth about $11.0 billion over its base term.”
How we checked this
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Additional evidence
confirms CoreWeave Has “a Sentiment Problem.” Its Landlord Applied Digital Has $11 Billion Riding on It - TIKR.com
Quote: “The Polaris Forge 1 lease runs 15 years on take-or-pay terms and is worth about $11.0 billion over its base term.”