secwatch.observer — SEC 8-K summary
======================================

Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K/A
Filed at:   2025-09-03T23:59:59+00:00
Accession:  0001641172-25-026412
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital enters Building 4 datacenter lease with CoreWeave
-----------------------------------------------------------------

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000164117225026412/0001641172-25-026412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000164117225026412/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-026412

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer