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Memorandum of Understanding with CoreWeave for ELN-04 lease assignment

Company: Applied Digital - Project: Polaris Forge 1

Subject kind
partnership
Statement date
2026-06-08
Current status
stated

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

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226027857/form8-k.htm) in full (7,834 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.

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”

View cached copy (2026-08-30)Live source ↗