<a href="https://laohu8.com/S/APLD">Applied Digital</a> Secures New Lease with <a href="https://laohu8.com/S/CRWV">CoreWeave</a>, Boosting Total Revenue to $11B and Expanding AI Infrastructure in North Dakota
Applied Digital Corporation has announced the finalization of a new lease agreement with CoreWeave, known as the AI Hyperscaler™, for an additional 150MW at its Polaris Forge 1 Campus located in Ellendale, North Dakota. This agreement boosts Applied Digital's anticipated contracted lease revenue to approximately $11 billion, incorporating $7 billion from two initial leases signed earlier this year. The expanded lease agreement increases the total critical IT capacity to 400MW across the Polaris Forge 1 Campus, which is strategically designed to support CoreWeave's artificial intelligence and high-performance computing initiatives. Wes Cummins, Chairman and CEO of Applied Digital, emphasized the agreement as a step forward in advancing North Dakota's role in shaping the future of the digital economy and establishing it as a strategic destination for AI development globally.
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 PR Newswire (Ref. ID: EN71105) on September 11, 2025, and is solely responsible for the information contained therein.
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