CoreWeave Lease Polaris Forge 1 ELN-02 and ELN-03
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Data center leases with CoreWeave for aggregate 250 MW capacity at Polaris Forge 1 (100 MW ELN-02, 150 MW ELN-03) to host CoreWeave HPC operations
Source (primary)
Applied Digital S-3 filed 2025-12-05 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On May 28, 2025, APLD ELN-02 LLC and APLD ELN-03 LLC, our subsidiaries, each entered into a data center lease with CoreWeave, Inc. ("CoreWeave") to deliver an aggregate of 250 MW of infrastructure to host CoreWeave's HPC operations at Polaris Forge 1.”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The prospectus states the aggregate 250 MW of CoreWeave leases and separately confirms each lease covers the full capacity of ELN-02 (100 MW) and ELN-03 (150 MW).
Confirmed in the source:
- On May 28, 2025, subsidiaries APLD ELN-02 LLC and APLD ELN-03 LLC each entered a data center lease with CoreWeave, Inc.
- The two leases cover an aggregate of 250 MW at Polaris Forge 1
- The first lease covers the full 100 MW capacity of ELN-02 and the second the full 150 MW capacity of ELN-03
- The infrastructure is to host CoreWeave's HPC operations
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225026369/forms-3.htm) in full (89,712 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-3 filed 2025-12-05
Quote: “On May 28, 2025, APLD ELN-02 LLC and APLD ELN-03 LLC, our subsidiaries, each entered into a data center lease with CoreWeave, Inc. ("CoreWeave") to deliver an aggregate of 250 MW of infrastructure to host CoreWeave's HPC operations at Polaris Forge 1.”