Applied Digital has announced a finalized lease agreement with CoreWeave for an additional 150 megawatts (MW) of critical IT capacity at its Polaris Forge 1 Campus in Ellendale, North Dakota. This agreement increases the total committed capacity for CoreWeave at the campus to 400 MW, supporting artificial intelligence and high-performance computing workloads, according to Applied Digital.
The new lease, which brings Applied Digital’s total anticipated contracted lease revenue to approximately $11 billion (comprising $7 billion from initial May 2025 agreements), will add a third building to the Polaris Forge 1 campus. This facility, currently in planning, is expected to reach full operational capacity in 2027. The first 100 MW data center for CoreWeave is scheduled for service in the fourth quarter of 2025, while a second, 150 MW building is under construction and targeted for mid-2026.
Polaris Forge 1 is engineered to scale up to one gigawatt and designed for high-density compute environments. The campus incorporates proprietary innovation for performance and sustainability, utilizing renewable energy sources and capitalizing on North Dakota’s climate to reduce total cost of ownership. Applied Digital claims this approach could yield $2.7 billion in savings over 30 years, based on an internal study.
The agreement aims to address increasing demand for large-scale AI infrastructure within the data center industry. Connectivity, cooling, and power provisioning models at Polaris Forge 1 are tailored for hyperscale and high-performance compute operations explicitly referenced in the announcement.
Source: Applied Digital
