Applied Digital Secures New Lease with CoreWeave, Boosting Total Revenue to $11B and Expanding AI Infrastructure in North Dakota
Reuters
Sep 11
<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.
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