Applied Digital (NASDAQ: APLD) amended its datacenter lease agreements with CoreWeave Parent and entered into new arrangements with a CoreWeave subsidiary on March 30, 2026, according to a regulatory filing.

The company amended its ELN-02 datacenter lease to suspend the term for two of four data halls and simultaneously entered into a new lease with CoreWeave Compute Acquisition Co. VIII, LLC, a CoreWeave subsidiary, for those same two halls on substantially similar terms.

Applied Digital also restructured its ELN-03 datacenter lease through an assignment agreement that transferred CoreWeave Parent's rights and obligations to the CoreWeave subsidiary for the remaining lease term, releasing CoreWeave Parent from the original agreement.

As part of the arrangements, CoreWeave Parent provided unconditional guarantees for both the ELN-02 and ELN-03 lease obligations. The company is also required to provide a $50 million letter of credit within 30 days to secure obligations under the ELN-02 lease.

Applied Digital stated that these transactions are favorable to holders of its 9.250% notes due 2030, citing enhanced credit ratings of CoreWeave Parent's refinanced debt and additional credit support provided.

The lease amendments follow the original datacenter lease agreements that Applied Digital subsidiaries entered into with CoreWeave Parent on May 28, 2025. The information was disclosed in a Form 8-K filing with the Securities and Exchange Commission.