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Artificial intelligence cloud provider CoreWeave has signed a pair of 15-year agreements to lease 250 megawatts of computing capacity from Applied Digital, a cryptocurrency miner turned AI developer, in Ellendale, North Dakota. 

The deal, announced Monday, will have Applied Digital build at least two data centers for CoreWeave at its existing Ellendale campus. Applied Digital expects the first 100 MW building to deliver in the fourth quarter. The second data center, expected to host 150 MW of capacity, is also under construction, with completion expected in mid-2026.