The AI cloud provider could eventually lease three 100MW+ data centers being build on Applied Digital's North Dakota Campus

Applied Digital Corporation (Nasdaq: APLD), a designer, builder and operator of next-generation digital infrastructure for HPC applications, has entered into two approximately 15-year lease agreements with CoreWeave,

A big win for North Dakota CoreWeave is headed to North Dakota, where the rent-a-GPU outfit has signed two roughly 15-year lease agreements with Applied Digital for 250 megawatts of capacity, which the datacenter builder expects will generate around $7 billion in revenue.