Applied Digital (APLD) said Wednesday that its high-performance computing subsidiary, APLD HPC Holdings closed a $375 million financing deal with Japan's SMBC Group.
The company said it used a portion of the proceeds to repay its debts under its Macquarie Capital senior secured note. It plans to use the remainder to advance the construction of its first and second data center buildings on its Ellendale HPC Campus in North Dakota.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.