CoreWeave leases at Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital entered into data center leases with CoreWeave totaling 400 MW: 250 MW via two leases signed May 28, 2025, and an additional 150 MW via lease signed August 28, 2025.
Source (primary)
Applied Digital 10-K filed 2026-07-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “On May 28, 2025, our subsidiaries APLD ELN-02 LLC and APLD ELN-03 LLC each entered into a data center lease (the "ELN-02 Lease" and the "ELN-03 Lease") with CoreWeave, Inc. ("CoreWeave") to deliver an aggregate of 250 MW of capacity... On August 28, 2025, our subsidiary 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
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Additional evidence
confirms Applied Digital 10-K filed 2026-07-29
Quote: “On May 28, 2025, our subsidiaries APLD ELN-02 LLC and APLD ELN-03 LLC each entered into a data center lease (the "ELN-02 Lease" and the "ELN-03 Lease") with CoreWeave, Inc. ("CoreWeave") to deliver an aggregate of 250 MW of capacity... On August 28, 2025, our subsidiary 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.”