Applied Digital enters Building 4 datacenter lease with CoreWeave

Applied Digital Corp.

Lease dated August 28, 2025 between APLD ELN-02 C LLC (Applied Digital subsidiary) and CoreWeave, Inc.
Lease covers Building 4 at a campus location; specific financial terms and schedules are redacted.
6 phases of Data Halls (Data Halls 1-6) with target commencement dates and phased delivery.
Tenant permitted use includes placement and operation of computer, switch, and communications equipment for datacenter activity.
Lease includes early access, extension options, and detailed infrastructure specifications (e.g., Electricity Demand Threshold per Data Hall).

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