CoreWeave 15-year lease agreement for Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
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
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 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”