---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-012458"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2025-08-29T23:59:59+00:00"
generated_at: "2026-05-17T09:11:01.633454+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Applied Digital signs third 150MW lease with CoreWeave; total lease revenue now ~$11B

## Summary
- New 150MW lease brings total CoreWeave capacity at Polaris Forge 1 to 400MW; building expected service-ready mid-2027.
- Total contract value for the 15-year term is ~$4.0B; total anticipated contracted lease revenue across all three leases ~$11B.
- First 100MW building scheduled for Q4 2025; second 150MW building expected operational mid-2026.
- Issued CoreWeave warrant for 8,393,611 shares at $10.75 per share; registered under Section 4(a)(2).
- Polaris Forge 1 campus planned to scale over 1GW; company estimates $2.7B in savings over 30 years via cooling and renewable power.

## SEC filing metadata
- accession: 0001493152-25-012458
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2025-08-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000149315225012458/0001493152-25-012458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000149315225012458/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-012458
- JSON: https://secwatch.observer/filing/0001493152-25-012458.json
- Plain text: https://secwatch.observer/filing/0001493152-25-012458.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.