Applied Digital Secures $300 Million Goldman Sachs-Led Bridge Financing for AI Data Center Construction

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