CoreWeave leases at Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Three leases with CoreWeave Inc.: ELN-02 and ELN-03 Leases for aggregate 250 MW (May 28, 2025) plus Building 4 Lease for additional 150 MW (August 28, 2025), totaling 400 MW contracted capacity
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 with CoreWeave, Inc. to deliver an aggregate of 250 MW...On August 28, 2025, our subsidiary APLD ELN-02 C LLC entered into a third 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 with CoreWeave, Inc. to deliver an aggregate of 250 MW...On August 28, 2025, our subsidiary APLD ELN-02 C LLC entered into a third lease with CoreWeave for an additional 150 MW, bringing the total contracted capacity at Polaris Forge 1 under our CoreWeave leases to 400 MW.”