Applied Digital Closes $375M Financing with SMBC to Support HPC Campus
by staff from High-Performance Computing News Analysis | insideHPC on (#6V86M)
DALLAS, Feb. 12, 2025 - Applied Digital Corporation (Nasdaq: APLD), a builder of digital infrastructure for HPC applications, announced today that the company, through its HPC subsidiary APLD HPC Holdings LLC (APLDH"), closed a $375 million financing with Sumitomo Mitsui Banking Corporation (SMBC) of Japan. The company used a portion of the proceeds to repay [...]
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