<a href="https://laohu8.com/S/APLD">Applied Digital</a> Secures Additional 150MW Lease with <a href="https://laohu8.com/S/CRWV">CoreWeave</a>, Totaling 400MW Capacity at Polaris Forge 1 Campus
Applied Digital Corporation has announced the finalization of a new lease agreement with CoreWeave, a leading AI hyperscaler, for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. This agreement raises the total critical IT capacity at the campus to 400MW, bolstering Applied Digital's strategic expansion into advanced compute infrastructure. The new lease brings the company's total anticipated contracted lease revenue to approximately $11 billion, including $7 billion from two initial 15-year leases executed earlier this year. The new data center is expected to be fully operational by mid-2027, with other facilities scheduled to come online in the coming years. The Polaris Forge 1 Campus is designed to support high-density computing, harness renewable energy, and leverage North Dakota's climate for sustainability and cost optimization.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-012458), on August 29, 2025, and is solely responsible for the information contained therein.
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