CoreWeave MOU for Polaris Forge 1 Building 4 (150 MW) lease assignment
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Entered Memorandum of Understanding with CoreWeave to assign Building 4 lease (150 MW) at Polaris Forge 1 to CoreWeave subsidiary upon achieving investment-grade credit rating.
Source (primary)
EX-99.1 (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release describes the MOU and separately identifies the fourth building at Polaris Forge 1 as 150 MW.
Confirmed in the source:
- Applied Digital entered a Memorandum of Understanding with CoreWeave
- The MOU covers assigning the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary
- The assignment is conditioned on achieving an investment-grade credit rating
- The fourth building at Polaris Forge 1 is 150 MW
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000044/apldq426earningsreleaseasf.htm) in full (54,584 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms EX-99.1
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
confirms View PDF
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
confirms Earnings Release
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
confirms Earnings Release
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
confirms Earnings Release
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
confirms Earnings Release
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
confirms Earnings Release
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”
confirms Earnings Release
Quote: “Entered a Memorandum of Understanding with CoreWeave to assign the Building 4 lease at Polaris Forge 1 to a CoreWeave subsidiary upon achieving an investment-grade credit rating.”