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Applied Digital receives a $300 million bridge loan from Goldman Sachs for building an AI data center
Applied Digital has received a $300 million bridge loan led by Goldman Sachs to accelerate the AI data center project.
This funding is a secured priority debt, collateralized by the project’s assets. The company states that the loan can be repaid early without penalty.
Applied Digital is still seeking additional long-term capital to support the development and construction of the AI data center.
The company, which previously operated in Bitcoin mining infrastructure and cloud services, is now shifting more resources toward AI infrastructure.
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