CoreWeave → Applied Digital: $11B cloud & services
CoreWeave leases Polaris Forge 1. CoreWeave leases 400 MW at Applied Digital's Polaris Forge 1 campus (North Dakota) under contracts of about 15 years: $7 billion initially, rising to about $11 billion with the expansion.
This deal is 37% of everything CoreWeave pays and 59% of everything Applied Digital receives in this database.
- Date
- Jun 2, 2025
- Paid by
CoreWeave- Received by
Applied Digital- Type
- Cloud & services
- Amount
- $11B
- Status
- announced
- Note
- $7 billion initial + ~$4 billion for 150 MW expansion
Sources
All deals between CoreWeave and Applied Digital
- Jun 2, 2025 CoreWeave → Applied Digital · CoreWeave leases Polaris Forge 1 $11B
More CoreWeave / Applied Digital deals
- Aug 10, 2026 CoreWeave: another $2.6 billion loan $2.6B
- May 21, 2026 Polaris Forge 3 to a hyperscaler $7.5B
- Apr 15, 2026 Jane Street buys $6 billion of CoreWeave cloud $6B
- Apr 15, 2026 Jane Street buys $1 billion of CoreWeave shares $1B
- Apr 10, 2026 Anthropic rents compute from CoreWeave n/a
- Apr 9, 2026 Meta adds $21 billion with CoreWeave $21B
- Apr 9, 2026 CoreWeave issues high-yield bonds and convertibles $6.2B
- Mar 30, 2026 CoreWeave closes $8.5 billion GPU-backed loan $8.5B
- Jan 26, 2026 Nvidia invests another $2 billion in CoreWeave $2B
- Sep 30, 2025 Meta signs $14.2 billion with CoreWeave $14.2B
- Sep 25, 2025 OpenAI expands CoreWeave by $6.5 billion ($22.4 billion total) $6.5B
- Sep 16, 2025 CoreWeave's £1.5B Scotland build with DataVita $2B