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North Dakota data center deal stands out by disclosing $7 billion in lease revenue

Developer Applied Digital reaches 15-year agreement with CoreWeave for two sites
Applied Digital is developing a data center campus in Ellendale, North Dakota. (Applied Digital)
Applied Digital is developing a data center campus in Ellendale, North Dakota. (Applied Digital)

Applied Digital has entered into two 15-year lease agreements with CoreWeave for new facilities in North Dakota that are anticipated to generate about $7 billion in total revenue over the lease term — a rare disclosure for a commercial deal.

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