Applied Digital delivered a strong performance in Q4 2025, highlighted by transformative long-term leases with CoreWeave that secure $7 billion in revenue and position the company as a leader in AI and high-performance computing infrastructure.
- Secured a 15-year lease agreement with CoreWeave for 250 megawatts at Polaris Forge 1, projecting $7 billion in revenue.
- Additional 150 megawatt expansion option exercised, showcasing the site’s scalability for AI workloads.
- Reduced projected build times for data center projects from 24 months to 12-14 months through process refinement and supplier consolidation.
- Achieved significant sustainability advancements with an innovative cooling system, targeting a PUE of 1.18 and near-zero water usage.
- Engaging with multiple investment-grade hyperscalers for future large-scale projects, enhancing competitive positioning in the market.
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