Applied Digital Closes $375M Financing with SMBC to Support HPC Campus

DALLAS, Feb. 12, 2025 — Applied Digital Corporation (Nasdaq: APLD), a builder of digital infrastructure for HPC applications, announced today that the company, through its HPC subsidiary APLD HPC Holdings LLC (“APLDH”), closed a $375 million financing with Sumitomo Mitsui Banking Corporation (SMBC) of Japan. The company used a portion of the proceeds to repay […]