Applied Digital said the Goldman Sachs-led bridge loan will help accelerate its next 150 MW AI data center, adding to $2.15 billion in notes and a $7.5 billion hyperscaler lease tied to its broader expansion.
Applied Digital said it closed a $300 million senior secured bridge loan led by Goldman Sachs to accelerate development of its next 150 megawatt AI data center. The financing adds to previously disclosed capital and commercial commitments, including $2.15 billion in notes and a $7.5 billion hyperscaler lease. The company, which operates bitcoin mining hosting and cloud services businesses, said the bridge facility is secured by project assets and is being used as interim funding while it pursues longer-term construction financing.