Applied Digital rises after closing $300M Goldman-led bridge loan for AI data center
APLD•Applied Digital shares rose after the company closed a $300 million senior secured bridge facility led by Goldman Sachs to fund development of its third Polaris Forge 1 AI data center building in Ellendale, North Dakota. The financing follows the recently announced $7.5 billion long-term AI data center lease, reinforcing funding visibility for near-term buildout.
1. What’s moving the stock today
Applied Digital shares are moving higher as investors react to the company’s announcement that it has closed a $300 million senior secured bridge facility led by Goldman Sachs. The company said the proceeds are intended to fund continued development of its third data center building at the Polaris Forge 1 campus in Ellendale, North Dakota, a key expansion project tied to its AI-focused data center strategy. (ir.applieddigital.com)
