Applied Digital Completes Financing for Jamestown HPC Data Center Campus
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
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. “The execution of this attractive financing is a testament to the strength and support of our banking relationships,” said Applied Digital CFO David Rench. “We're proud to partner with The Bank of North Dakota as they continue to support the development of digital infrastructure across the state.” Applied Dig
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APLD
News
- Applied Digital Co. (NASDAQ: APLD) had its price target lowered by analysts at Lake Street Capital from $19.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Digital Co. (NASDAQ: APLD) had its price target lowered by analysts at Roth Mkm from $13.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Digital Co. (NASDAQ: APLD) had its price target lowered by analysts at Needham & Company LLC from $13.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Digital Reports Fiscal Third Quarter 2024 ResultsGlobeNewswire
- Applied Digital Reschedules Fiscal Third Quarter 2024 Earnings Conference Call to Thursday, April 11, 2024 at 5:00 p.m. Eastern TimeGlobeNewswire
APLD
Earnings
- 4/11/24 - Miss
APLD
Sec Filings
- 4/24/24 - Form EFFECT
- 4/23/24 - Form 424B3
- 4/15/24 - Form S-3
- APLD's page on the SEC website