DALLAS, March 5, 2024 (Globe Newswire) — Applied Digital Co., Ltd. (NASDAQ:APLD) (“Applied Digital” or “we”), The company, a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“HPC”) applications, today announced a $16 million financing agreement with Bank of North Dakota and Cornerstone Bank. announced that it had been concluded. Site-level funding for a 10MW Jamestown HPC data center campus. The company will use the five-year term loan to support the operation of a standalone data center that will house graphics processing units (GPUs) and support a variety of HPC/AI applications.
“The execution of this attractive financing is a testament to the strength and support of our banking relationships,” said Applied Digital CFO David Wrench. “We are proud to partner with the Bank of North Dakota as they continue to support the development of digital infrastructure across the state.”
Applied Digital's next-generation data centers are designed and built to host HPC/AI applications at lower costs compared to traditional data centers that typically cost more and lack the ability to provide power density. can provide highly efficient solutions. /cooling is required for AI/ML workloads.
About Applied Digital
Applied Digital (Nasdaq: APLD) designs, develops and operates next-generation data centers across North America, delivering digital infrastructure solutions to the rapidly growing high-performance computing (HPC) industry. For more information, please visit www.applieddigital.com. Follow @APLDdigital on Twitter.
Forward-looking statements
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Investor Information Contact
Matt Glover or Alex Kovtun
Gateway Group Co., Ltd.
(949) 574-3860
APLD@gateway-grp.com
media contact
Brelyn Mottola or Diana Jarrah
Gateway Group Co., Ltd.
(949) 899-3135
APLD@gateway-grp.com
