Polaris Forge 1 CoreWeave contract revenue
Company: Applied Digital
The claim, verbatim
The CoreWeave leases at Polaris Forge 1 represent approximately $11 billion in contracted revenue over the 15-year base term
Source (primary)
applied-digital 8-K exhibit (apld_invxinvestorpresent.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-09)Live source ↗
Quote: “~$11B Contracted Revenue for 400 MW Base Term”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The Polaris Forge 1 page lists ~$11B contracted revenue for 400 MW over a ~15-year base term.
Confirmed in the source:
- The CoreWeave leases at Polaris Forge 1 represent approximately $11 billion in contracted revenue
- The revenue figure is for the ~15-year base term
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld_invxinvestorpresent.htm) in full (35,389 characters, retrieved September 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apld_invxinvestorpresent.htm)
Quote: “~$11B Contracted Revenue for 400 MW Base Term”