APLD news

Soluna Holdings and Applied Digital formed a joint venture to build a 50 MW AI data center in Texas powered by a local wind farm. Applied Digital's subsidiary ChronoScale signed a letter of intent to lease the facility.

Applied Digital reported a fiscal first quarter revenue of $341.9 million, a 322% increase from the prior year, driven by growth in its data centers supporting AI workloads. The company continues to expand its infrastructure, recently announcing a groundbreaking 210 MW hyperscaler lease.

Applied Digital Corporation and APLD Intermediate HOLDCO LLC entered into a new secured credit agreement with various lending institutions including First National Bank of Omaha. This arrangement enhances the company's liquidity and financial flexibility for general corporate purposes.

Applied Digital entered a 15-year lease agreement with a U.S. hyperscaler for 210 MW at its fifth AI Factory campus, worth $5.2 billion in base-term revenue. The deal brings the company's total contracted portfolio to approximately $36 billion across five campuses, validating its franchise model sca…

Applied Digital's subsidiary priced $1.59 billion of 7.0% senior secured notes due 2031 to fund construction of the fourth building at its North Dakota AI data center campus and repay bridge financing. The offering reflects strong investor demand for infrastructure supporting AI workloads and demons…

Applied Digital Corporation closed a $550 million revolving credit facility arranged by Goldman Sachs, comprising $350 million in committed capacity plus a $200 million accordion option, maturing in May 2029. The facility will support pre and post-lease development of data center projects and workin…