Applied Digital, a Nasdaq-listed Bitcoin mining hosting and cloud services company, announced that it will raise $2.35 billion by issuing senior secured notes through its subsidiary APLD ComputeCo LLC. This issuance will be conducted privately and is expected to be completed around November 20, 2025, with the exact timing depending on market and other conditions. The new funds will be used for the construction of its data center campus.
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Applied Digital will raise $2.35 billion through a senior secured note offering.
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