Polaris Forge 1 lease value and terms
Company: CoreWeave
The claim, verbatim
The Polaris Forge 1 lease runs 15 years on take-or-pay terms and is worth about $11.0 billion over its base term, 30.4% of Applied Digital's contracted revenue.
Source (primary)
CoreWeave Has “a Sentiment Problem.” Its Landlord Applied Digital Has $11 Billion Riding on It - TIKR.com (-, news_article)
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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.”