Mon, Jun 2, 2025
Applied Digital signs $7 billion CoreWeave lease at Polaris Forge 1
Key points
- Two ~15-year leases totaling 250MW; first 100MW targeted Q4 CY2025, second 150MW mid-2026
Deal
CoreWeaveJun 2025
SitePolaris Forge 1
Contracted capacity250 MW
Contract value$7B
Duration15 years
Expected launchQ4 2025