Applied Digital Corp issues $42.13m unsecured debenture to fund HPC data center project in Ellendale, ND.
Applied Digital Corp, a high-performance computing (HPC) data center specialist, has issued a $42.13m unsecured convertible debenture to a single investor. The debenture, with a 54-week term and 5% original issue discount, will fund the construction phase of the HPC data center project in Ellendale, North Dakota. Applied Digital is also pursuing project-level financing to ensure the project's timely completion.
May 24, 2024
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