Applied Digital Raises $300M in Financing, Shares Rise 6.2%
Applied Digital (NASDAQ:APLD) raised $300 million through a senior secured bridge facility led by Goldman Sachs to fund the development of its third data center at Polaris Forge 1 campus in North Dakota. The financing has driven shares up 6.2% as investors react positively.
Tickers: $APLD
Topics: data center expansion financing stock price movement