CoreWeave lease agreement - Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital secured three 15-year leases with CoreWeave for approximately $11 billion in anticipated aggregate rental revenue over the term for 400 megawatts at Polaris Forge 1 in Ellendale, North Dakota, with options for three additional five-year renewals
Source (primary)
View PDF (IR page (ir.applieddigital.com), ir_release)
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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”
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Additional evidence
confirms View PDF
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”