---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-013199"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2025-06-02T23:59:59+00:00"
generated_at: "2026-05-20T02:25:31.754185+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Applied Digital signs 250MW data center leases with CoreWeave for ~$7B total revenue

## Summary
- Two 15-year leases for 250 MW (100 MW Building 2 + 150 MW Building 3) at Ellendale, ND campus; total contract value ~$7B.
- Building 2 ready for service Q4 2025; Building 3 mid-2026; CoreWeave option for additional 150 MW (planned 2027).
- Issued CoreWeave warrant for 13,062,521 shares at $7.19; may issue additional warrants under Letter Agreement.
- Targets up to $200M ATM offering of common stock to fund growth, starting as early as week of June 2, 2025.

## SEC filing metadata
- accession: 0001641172-25-013199
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2025-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000164117225013199/0001641172-25-013199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000164117225013199/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-013199
- JSON: https://secwatch.observer/filing/0001641172-25-013199.json
- Plain text: https://secwatch.observer/filing/0001641172-25-013199.txt

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