CoreWeave lease credit enhancements with $50 million letter of credit
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Restructured CoreWeave leases at Polaris Forge 1 with $50 million letter of credit securing ELN-02 lease
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “CoreWeave, Inc. posting a $50 million letter of credit securing the ELN-02 lease.”
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 Earnings Release
Quote: “CoreWeave, Inc. posting a $50 million letter of credit securing the ELN-02 lease.”