Polaris Forge 1 400MW leased to CoreWeave
Company: Applied Digital
The claim, verbatim
The entire 400 MW capacity of Polaris Forge 1 in North Dakota is leased exclusively to CoreWeave under a 15-year take-or-pay arrangement with base-term value of approximately $11.0 billion.
Source (primary)
Applied Digital (NASDAQ: APLD) Carries $11 Billion In CoreWeave (NASDAQ: CRWV) Exposure As Tenant's Bonds Signal Deep Distress - Foreign Policy Journal (-, news_article)
View cached copy (2026-11-12)Live source ↗
Quote: “That 15-year, take-or-pay arrangement carries a base-term value of approximately $11.0 billion”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital (NASDAQ: APLD) Carries $11 Billion In CoreWeave (NASDAQ: CRWV) Exposure As Tenant's Bonds Signal Deep Distress - Foreign Policy Journal
Quote: “That 15-year, take-or-pay arrangement carries a base-term value of approximately $11.0 billion”
confirms Applied Digital rises as AI infrastructure stocks rebound - Quiver Quantitative
Quote: “Applied Digital disclosed that Polaris Forge 1 is leased to CoreWeave”