Bitcoin mining hosting company Applied Digital is raising $150 million through a convertible preference share offering
2025-05-01 02:35:46
Bitcoin mining hosting and Cloud as a Service company Applied Digital announced that it will raise $150 million through the private placement of convertible preference shares. The face value and purchase price of convertible preference shares are $1,000 per share, without preferential income or preferential dividends. The new funds will be used to advance the construction of its second data center. It is reported that Applied Digital is not directly involved in bitcoin mining, but provides data center hosting services for other mining companies.
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