CoreWeave lease - 150 MW additional at Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Finalized a new lease agreement with CoreWeave for an additional 150 MW at Polaris Forge 1, bringing the full 400 MW under contract
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Finalized a new lease agreement with CoreWeave, Inc. ("CoreWeave"), for an additional 150 megawatts ("MW") at our Polaris Forge 1 campus in Ellendale, North Dakota ("Polaris Forge 1"), which is now fully leased.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release reports the additional 150 MW CoreWeave lease. Its management commentary says this brings the full 400 MW of critical IT load at Polaris Forge 1 under contract with CoreWeave.
Confirmed in the source:
- Applied Digital finalized a new lease agreement with CoreWeave for an additional 150 MW at Polaris Forge 1
- Polaris Forge 1 is now fully leased, bringing the full 400 MW of critical IT load under contract with CoreWeave
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/131/applied-digital-reports-fiscal-first-quarter-2026-results/) in full (34,764 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Finalized a new lease agreement with CoreWeave, Inc. ("CoreWeave"), for an additional 150 megawatts ("MW") at our Polaris Forge 1 campus in Ellendale, North Dakota ("Polaris Forge 1"), which is now fully leased.”
confirms Earnings Release
Quote: “Finalized a new lease agreement with CoreWeave, Inc. ("CoreWeave"), for an additional 150 megawatts ("MW") at our Polaris Forge 1 campus in Ellendale, North Dakota ("Polaris Forge 1")”
confirms Earnings Release
Quote: “Finalized a new lease agreement with CoreWeave, Inc. ("CoreWeave"), for an additional 150 megawatts ("MW") at our Polaris Forge 1 campus in Ellendale, North Dakota ("Polaris Forge 1"), which is now fully leased.”
confirms Earnings Release
Quote: “Finalized a new lease agreement with CoreWeave, Inc. ("CoreWeave"), for an additional 150 megawatts ("MW") at our Polaris Forge 1 campus in Ellendale, North Dakota ("Polaris Forge 1"), which is now fully leased.”
confirms Earnings Release
Quote: “Finalized a new lease agreement with CoreWeave, Inc. ("CoreWeave"), for an additional 150 megawatts ("MW") at our Polaris Forge 1 campus in Ellendale, North Dakota ("Polaris Forge 1"), which is now fully leased.”
confirms Earnings Release
Quote: “Finalized a new lease agreement with CoreWeave, Inc. ("CoreWeave"), for an additional 150 megawatts ("MW") at our Polaris Forge 1 campus in Ellendale, North Dakota ("Polaris Forge 1"), which is now fully leased.”