Applied Digital Secures Private Debt Facility of up to $200 million to Accelerate HPC Data Center Project in Ellendale, North Dakota
APLDApplied Digital (APLD) GlobeNewswire News Room·2024-06-07 20:21

Applied Digital secures a 125millioninitialcommitmenttofundongoingconstructioncostsassociatedwithitsHPCCampusinEllendale,ND,whichcanbeupsizeduponmutualagreementbybothpartiesupto125 million initial commitment to fund ongoing construction costs associated with its HPC Campus in Ellendale, ND, which can be upsized upon mutual agreement by both parties up to 200 million This financing completes the Company's near-term capital needs and positions it to secure project-level financing to fund the remaining costs to complete the first HPC building Financing provides the Company with a clear path to solidifying its position as a leading HPC datacenter owner and ...