Applied Digital to Deliver AI Data Centres with CoreWeave
Applied Digital has entered into lease agreements with CoreWeave to host 250MW of AI infrastructure at its data centre campus in Ellendale, North Dakota.
The high-performance computing HPC developer has entered into a 15 year lease agreement with CoreWeave, an AI hyperscaler, to deliver the critical IT load needed to host CoreWeave’s AI and HPC infrastructure.
Over the course of the 15 years, Applied Digital anticipates generating approximately US$7bn in total revenue from the leases. As part of the agreement, CoreWeave is able to access an additional 150MW of critical IT load at Ellendale, which ultimately helps to position the campus as a hub for AI and HPC.
- Applied Digital will deliver 250MW of critical IT load to host CoreWeave’s AI and HPC infrastructure
- Purpose-built to deliver both large-scale power capacity and rapid deployment
- Expected to generate roughly US$7bn of total revenue for Applied Digital over the 15-year term
“We believe these leases solidify Applied Digital’s position as an emerging provider of infrastructure critical to the next generation of AI and HPC,” said Wes Cummins, Chairman and CEO of Applied Digital.
Unlocking digital potential in North Dakota
Applied Digital’s Ellendale campus is believed to be one of the most ambitious data centre developments currently underway in North America.
Intended to be purpose-built for next-generation workloads, the facility combines large-scale power capacity with rapid deployment capabilities – which are both necessary for AI and HPC clients.
The campus was planned to be engineered for high-density compute and designed to scale up to one gigawatt (1GW) over time. Both companies signing a 15 year agreement is a crucial first step to unlocking the site’s potential, Applied Digital has said in its press release.
Wes adds: “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. We view CoreWeave as an ideal partner as we accelerate our growth and innovation.”
Powering efficiency and scalability
Applied Digital has designed Ellendale for speed and efficiency of deployment, prime location, AI innovative design and access to abundant, low-cost energy.
Likewise, the energy-efficient climate is intended to further enable Applied Digital to meet the rapid capacity demands, positioning both the region and the company as emerging leaders in the AI data centre ecosystem.
The company expects the first 100MW data centre for CoreWeave to be ready for service as soon as the fourth quarter of 2025, with the second building currently under construction aiming for the middle of 2026.
CoreWeave holds an option for the third 150 MW building, which is currently in the planning stages and is anticipated to be ready for service in 2027.
Designed to host 400MW of critical IT load, the Ellendale campus currently has more than 1GW of power capacity – giving it the opportunity to expand its power capacity to support future AI and HPC data centre infrastructure development.
“We believe Ellendale is more than a development project — it’s a launchpad for the future of AI infrastructure,” Wes adds.
“We intend for this platform to put us in a strong position to support early demand while continuing to grow alongside our customers. Through these newly signed long-term leases with CoreWeave, we are taking a step forward in our strategic expansion into advanced compute infrastructure.”
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