Applied Digital Secures $300 Million Goldman Sachs-Led Bridge Loan for AI Data Center Development

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