Applied Digital secures $300 million bridge financing led by Goldman Sachs for AI data center development

Odaily Planet Daily reports that Bitcoin mining hosting and cloud service company Applied Digital announced it has secured $300 million in senior secured bridge financing led by Goldman Sachs to advance its AI data center project. This financing is collateralized by project assets, can be repaid early at any time without penalty, and the company will also seek additional long-term financing to support the development and construction of the AI data center. (Globenewswire)

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