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Applied Digital will raise $2.35 billion through the issuance of senior secured notes.
Golden Finance reports that Applied Digital, a Bitcoin mining custody and cloud services company listed on Nasdaq, has announced that it will issue senior secured notes to raise $2.35 billion through its subsidiary APLD ComputeCo LLC. This issuance will be conducted via a private sale and is expected to be completed around November 20, 2025, depending on market and other conditions. The new funds will be used for the construction of its data center campus.
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