CoreWeave 250 MW lease at Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Subsidiaries entered into data center leases with CoreWeave to deliver aggregate of 250 MW of capacity
Source (primary)
View 10-K (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “APLD ELN-02 LLC and APLD ELN-03 LLC each entered into a data center lease... with CoreWeave, Inc. to deliver an aggregate of 250 MW of capacity”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K states that on May 28, 2025 the two subsidiaries each signed a lease with CoreWeave for an aggregate of 250 MW at Polaris Forge 1.
Confirmed in the source:
- Applied Digital subsidiaries APLD ELN-02 LLC and APLD ELN-03 LLC each entered into a data center lease with CoreWeave
- The leases together cover an aggregate of 250 MW of capacity at Polaris Forge 1
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000048/0001144879-26-000048.pdf) in full (630,756 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K
Quote: “APLD ELN-02 LLC and APLD ELN-03 LLC each entered into a data center lease... with CoreWeave, Inc. to deliver an aggregate of 250 MW of capacity”