Applied Digital Enters Into a $150 Million Convertible Preferred Equity Facility to Advance Development of Ellendale Multi-Building HPC Campus

Draws on the Facility are at the Company’s discretion; The Company will provide an update on a lease for the Company’s Ellendale High Performance Computing data center campus (the “Ellendale HPC Campus”) in the near term DALLAS, April 30, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure for HPC applications, announced today that the Company entered into a private financing arr ...