Applied Digital Corporation announced the successful closing of a $2.15 billion senior secured notes offering by its subsidiary, APLD ComputeCo 2 LLC. The notes, which carry a 6.750% interest rate and mature in 2031, were priced at 98% of their face value, with the transaction finalized on March 10, 2026. This substantial financing round was conducted as a private offering, targeting qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S, with Roth Capital Partners serving as co-manager.
The capital infusion arrives as Applied Digital continues to expand its portfolio of high-performance data centers designed specifically for artificial intelligence, networking, and blockchain applications. The company, which was recognized as the Best Data Center in the Americas 2025 by Datacloud, emphasizes sustainable engineering in its facilities, incorporating proprietary waterless cooling systems to enhance efficiency. This approach aligns with growing industry demands for environmentally responsible computing infrastructure, particularly as energy-intensive AI workloads increase globally.
Applied Digital’s operational model, known as the Polaris Forge AI Factory, focuses on deploying scalable compute resources rapidly while fostering economic development in underserved communities. The company’s ability to secure $2.15 billion in debt financing reflects investor confidence in its strategy and the expanding market for specialized data center services. More details about the company’s projects and corporate information are available at https://www.applieddigital.com/.
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This $2.15 billion offering positions Applied Digital to accelerate its development of next-generation data center capacity, addressing the critical infrastructure needs driven by advancements in artificial intelligence and blockchain technologies. The company’s focus on sustainable, high-efficiency design and rapid deployment capabilities may influence broader industry trends toward more resilient and environmentally adaptive computing solutions.
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