Polaris Forge 1 CoreWeave leases
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
On May 28, 2025, APLD ELN-02 LLC and APLD ELN-03 LLC entered into data center leases with CoreWeave for 250 MW. On August 28, 2025, APLD ELN-02 C LLC entered into an additional lease with CoreWeave for 150 MW, totaling 400 MW of contracted capacity under 15-year leases.
Source (primary)
View 10-K (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “On May 28, 2025, our subsidiaries APLD ELN-02 LLC and APLD ELN-03 LLC each entered into a data center lease...with CoreWeave, Inc. ("CoreWeave") to deliver an aggregate of 250 MW of capacity...On August 28, 2025, our subsidiary APLD ELN-02 C LLC entered into a third lease (the "Building 4 Lease") with CoreWeave for an additional 150 MW, bringing the total contracted capacity at Polaris Forge 1 under our CoreWeave leases to 400 MW.”
How we checked this
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Additional evidence
confirms View 10-K
Quote: “On May 28, 2025, our subsidiaries APLD ELN-02 LLC and APLD ELN-03 LLC each entered into a data center lease...with CoreWeave, Inc. ("CoreWeave") to deliver an aggregate of 250 MW of capacity...On August 28, 2025, our subsidiary APLD ELN-02 C LLC entered into a third lease (the "Building 4 Lease") with CoreWeave for an additional 150 MW, bringing the total contracted capacity at Polaris Forge 1 under our CoreWeave leases to 400 MW.”