Applied digital completes financing for jamestown hpc data center campus

Dallas, march 05, 2024 (globe newswire) -- applied digital corporation (nasdaq: apld) ("applied digital" or the "company"), a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“hpc”) applications, today announced the company has closed a previously secured loan agreement with the bank of north dakota and cornerstone bank for $16 million in site-level financing for its 10mw jamestown hpc data center campus. the company intends to use the loan, which has a 5-year term, to support its operations at the standalone data center, which will house graphics processing units (gpus) and support various hpc/ai applications.
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