CoreWeave Polaris Forge 1 lease
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital signed three 15-year leases with three 5-year renewal options for 3 buildings at Polaris Forge 1 with CoreWeave, utilizing 400 MW of Critical IT load.
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “CoreWeave - Signed three 15-year leases with three 5-year options for 3 buildings at Polaris Forge 1, utilizing 400 MW of Critical IT load”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The presentation's 2025 company timeline states each element of this claim, and other slides repeat the CoreWeave counterparty, 400 MW and 3-building details for Polaris Forge 1.
Confirmed in the source:
- Applied Digital signed three leases with CoreWeave covering 3 buildings at the Polaris Forge 1 campus
- The CoreWeave Polaris Forge 1 leases have 15-year base terms with three 5-year renewal options
- The CoreWeave Polaris Forge 1 leases cover 400 MW of Critical IT load
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/_assets/_0d036ffb66b2bfe154912829a47150be/appliedblockchaininc/db/2905/27269/pdf/APLD_INV_June2026_Updated-compressed.pdf) in full (47,679 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “CoreWeave - Signed three 15-year leases with three 5-year options for 3 buildings at Polaris Forge 1, utilizing 400 MW of Critical IT load”