Applied Digital finalizes 150MW lease expansion with CoreWeave
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Applied Digital Finalizes Additional 150MW Lease with CoreWeave in North Dakota
August 29, 2025 8:00 AM EDTDALLAS, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD) announced today that it has finalized a new lease agreement with CoreWeave, the AI Hyperscaler, for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. This new lease agreement with CoreWeave brings Applied Digitals total anticipated contracted lease revenue to approximately $11B, which includes $7B in revenue from the initial two approximately... More
