secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0001493152-25-012458
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000149315225012458/0001493152-25-012458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000149315225012458/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-012458

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