Applied Digital Signs 250MW Agreement with CoreWeave

Crypto and HPC data center firm Applied Digital has entered into two 15-year lease agreements with CoreWeave to deliver 250MW of IT load to its data center campus in Ellendale, North Dakota. Following terms of the agreement, CoreWeave retains the option to access an additional 150MW of critical IT load at Ellendale.

“As demand for AI accelerates exponentially, we believe that we are uniquely positioned to deliver substantial returns while supporting the evolving and dynamic needs of these rapidly evolving sectors,” said Wes Cummins, chairman and CEO of Applied Digital. “We view CoreWeave as an ideal partner as we accelerate our growth and innovation.”

He added: “We believe Ellendale is more than a development project — it’s a launchpad for the future of AI infrastructure. We intend for this platform to put us in a strong position to support early demand while continuing to grow alongside our customers.”