Applied Digital (APLD) has signed a landmark agreement to deliver 250 megawatts of computing power to CoreWeave (CRWV), a prominent player in AI and high-performance computing (HPC), through a long-term lease of its new Ellendale, North Dakota data center. The deal, which spans 15 years, is projected to generate around $7 billion in revenue for Applied Digital, underscoring the rising demand for next-generation data infrastructure.
The lease gives CoreWeave the ability to access an additional 150 megawatts of power at the same campus in the future, reflecting the anticipated expansion of AI workloads and the need for reliable, high-density computing environments.
Wes Cummins, CEO of Applied Digital, described the agreement as a crucial milestone that positions the company at the forefront of the accelerating AI and HPC sectors. With this agreement, Applied Digital aims to provide CoreWeave with tailored data center solutions capable of meeting the specialized requirements of modern AI applications.
Construction of the first 100-megawatt facility is already underway, with completion expected by the end of 2025. A second facility, offering another 150 megawatts, is slated for mid-2026, while a third phase, still in the planning stages, could be ready as soon as 2027.
The Ellendale campus has been designed to handle the intense demands of AI and HPC applications, offering rapid deployment and energy-efficient solutions. As enterprises and researchers increasingly embrace AI, the ability to support these workloads at scale is becoming an essential part of modern computing infrastructure.
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