CoreWeave Building 4 150 MW lease at Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Entered into third lease with CoreWeave for additional 150 MW, total contracted capacity at Polaris Forge 1 400 MW
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 C LLC entered into a third lease (the 'Building 4 Lease') with CoreWeave for an additional 150 MW, bringing the total contracted capacity at Polaris Forge 1 under our CoreWeave leases to 400 MW”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K describes the August 28, 2025 Building 4 Lease with CoreWeave for an additional 150 MW, bringing total contracted capacity at Polaris Forge 1 to 400 MW.
Confirmed in the source:
- Applied Digital subsidiary APLD ELN-02 C LLC entered into a third lease (the Building 4 Lease) with CoreWeave
- The third lease covers an additional 150 MW
- Total contracted capacity at Polaris Forge 1 under the CoreWeave leases is 400 MW
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 C LLC entered into a third lease (the 'Building 4 Lease') with CoreWeave for an additional 150 MW, bringing the total contracted capacity at Polaris Forge 1 under our CoreWeave leases to 400 MW”