Applied Digital to raise $2.35 billion in senior secured notes
2025-11-14 13:31:43
Applied Digital, a Nasdaq-listed bitcoin mining custody and Cloud as a Service company, announced that it will raise $2.35 billion through the issuance of senior secured notes by its subsidiary APLD ComputeCo LLC. The issuance will be conducted in a private placement and is expected to be completed around November 20, 2025. The specific time depends on market and other conditions. The new funds will be used for the construction of its data center campus.
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