Applied Digital, CoreWeave Ink $7 Billion 15-Year Data Center Lease

Imagine a company called Applied Digital that owns data centers, which are like giant warehouses for computers.

Another company, CoreWeave, needs lots of computer power for things like artificial intelligence.

They signed a deal where CoreWeave will rent space and computers from Applied Digital for 15 years.

This deal is worth a lot of money, about $7 billion!

This helps Applied Digital, which is like a company that provides the houses for the computers.

CoreWeave uses special computer chips, which are in high demand.

This agreement allows CoreWeave to focus on providing its services without having to build its own data centers.