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ELN-02 Letter of Credit commitment

Company: Applied Digital - Project: Polaris Forge 1

This claim was marked delayed on September 2, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
financing
Statement date
2026-03-31
Promised by
2026-04-29
Promised amount
50000000.0 USD
Current status
delayed

The claim, verbatim

CoreWeave Parent is obligated to provide a $50 million letter of credit within 30 days to secure ELN-02 Parent Lease obligations

Source (primary)

Applied Digital 8-K/A filed 2026-04-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “CoreWeave Parent is obligated to provide a letter of credit in the amount of $50,000,000 to secure obligations under the ELN-02 Parent Lease within 30 days”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Applied Digital 8-K/A filed 2026-04-01

Quote: “CoreWeave Parent is obligated to provide a letter of credit in the amount of $50,000,000 to secure obligations under the ELN-02 Parent Lease within 30 days”

View cached copy (2026-08-31)Live source ↗

Record of changes

September 1, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 2, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.