CoreWeave / Applied Digital

Announced 2025-06-02 · 250 MW · Undisclosed

Initial leases cover 250 MW for approximately 15 years, with approximately $7B expected revenue. A separate 150 MW option was subsequently exercised, taking the campus to 400 MW under contract. The initial allocation is not the whole campus. Hosting revenue is excluded from compute purchase totals.

Delivery target: First 100 MW targeted for Q4 2025

Reported delivery: 175 MW. Polaris Forge 1 campus; part of 400 MW contracted. Report date, not energization date.