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CoreWeave 15-year lease agreement for Polaris Forge 1

Company: Applied Digital - Project: Polaris Forge 1

Subject kind
customer
Statement date
2025-09-11
Promised amount
11000000000.0 USD
Current status
stated

The claim, verbatim

Three 15-year leases with CoreWeave for approximately $11 billion in anticipated aggregate rental revenue for 400 megawatts at Polaris Forge 1 in Ellendale, North Dakota, with options for three additional five-year renewals

Source (primary)

Applied Digital PRE 14A filed 2025-09-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “securing three 15-year leases with CoreWeave for approximately $11 billion in anticipated aggregate rental revenue over the term for 400 megawatts at our Polaris Forge 1 campus in Ellendale, North Dakota, with options for three additional five-year renewals”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225013198/formpre14a.htm) in full (214,128 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital PRE 14A filed 2025-09-12

Quote: “securing three 15-year leases with CoreWeave for approximately $11 billion in anticipated aggregate rental revenue over the term for 400 megawatts at our Polaris Forge 1 campus in Ellendale, North Dakota, with options for three additional five-year renewals”

View cached copy (2026-08-31)Live source ↗