Applied Digital to raise $2.35 billions through senior secured notes issuance
Jinse Finance reported that Nasdaq-listed bitcoin mining hosting and cloud service company Applied Digital announced that it will raise $2.35 billion by issuing senior secured notes through its subsidiary APLD ComputeCo LLC. This issuance will be conducted via private placement and is expected to be completed around November 20, 2025, depending on market and other conditions. The new funds will be used for the construction of its data center campus.
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