Memorandum of Understanding with CoreWeave for ELN-04 lease assignment
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital entered into an MOU on June 5, 2026 to assign the ELN-04 lease to a CoreWeave subsidiary, contingent on the subsidiary achieving investment grade credit rating
Source (primary)
Applied Digital 8-K filed 2026-06-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “entered into a Memorandum of Understanding on June 5, 2026, to assign the lease with CoreWeave, Inc. for ELN-04 (as defined below) to a CoreWeave, Inc. subsidiary, if that subsidiary achieves an investment grade credit rating”
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 filed 2026-06-09
Quote: “entered into a Memorandum of Understanding on June 5, 2026, to assign the lease with CoreWeave, Inc. for ELN-04 (as defined below) to a CoreWeave, Inc. subsidiary, if that subsidiary achieves an investment grade credit rating”