CoreWeave prospective lease revenue $11 billion
Company: Applied Digital
The claim, verbatim
CoreWeave's 400 MW lease at Polaris Forge 1 represents approximately $11 billion of prospective lease revenue over the term of the lease
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “CoreWeave holds 400 MW under contract at Polaris Forge 1, representing approximately $11 billion of prospective lease revenue over the term of its leases”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
Management commentary states CoreWeave's 400 MW at Polaris Forge 1 represents approximately $11 billion of prospective lease revenue over the term of its leases.
Confirmed in the source:
- CoreWeave holds 400 MW under contract at Polaris Forge 1
- The CoreWeave leases represent approximately $11 billion of prospective lease revenue over their term
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/142/applied-digital-reports-fiscal-second-quarter-2026-results/) in full (45,559 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “CoreWeave holds 400 MW under contract at Polaris Forge 1, representing approximately $11 billion of prospective lease revenue over the term of its leases”
confirms Earnings Release
Quote: “representing approximately $11 billion of prospective lease revenue over the term of its leases”