CoreWeave lease assignment MOU
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital entered into an MOU with CoreWeave on June 5, 2026, to assign the lease for Building 3 at Polaris Forge 1 campus to a CoreWeave subsidiary, conditional upon that subsidiary achieving an investment grade credit rating
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-06)Live source ↗
Quote: “Applied Digital also entered into a Memorandum of Understanding with CoreWeave on June 5, 2026, to assign the lease with CoreWeave for Building 3 at the Polaris Forge 1 campus to a CoreWeave subsidiary, if that subsidiary achieves an investment grade credit rating”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “Applied Digital also entered into a Memorandum of Understanding with CoreWeave on June 5, 2026, to assign the lease with CoreWeave for Building 3 at the Polaris Forge 1 campus to a CoreWeave subsidiary, if that subsidiary achieves an investment grade credit rating”