Polaris Forge 1 400 MW leased to CoreWeave
Company: Applied Digital
The claim, verbatim
The full 400 MW capacity of Applied Digital's Polaris Forge 1 campus in North Dakota is leased exclusively to CoreWeave under a 15-year take-or-pay arrangement with a 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)
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Quote: “The entire 400 megawatt capacity of Applied Digital's Polaris Forge 1 campus in North Dakota is leased exclusively to CoreWeave (NASDAQ: CRWV)... 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: “The entire 400 megawatt capacity of Applied Digital's Polaris Forge 1 campus in North Dakota is leased exclusively to CoreWeave (NASDAQ: CRWV)... That 15-year, take-or-pay arrangement carries a base-term value of approximately $11.0 billion”