CoreWeave Building 4 lease assignment MOU
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Entered Memorandum of Understanding with CoreWeave to assign the Building 4 lease (150 MW) at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating
Source (primary)
applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-02)Live source ↗
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The MOU is stated verbatim, and the document elsewhere identifies the fourth building at Polaris Forge 1 as 150 MW.
Confirmed in the source:
- Applied Digital entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating
- The fourth building at Polaris Forge 1 is 150 MW
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000044/apldq426earningsreleaseasf.htm) in full (54,633 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm)
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”