Trending
Latest

Applied Digital secures up to $200m in private financing to support real estate expansion

The trancher, committed by CIM Group, is directly targeted at the surging AI revolution and the need to maximise efficiency for HPC needs.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

June 12, 2024 | 1:51 PM BST

Applied Digital secures up to $200m in private financing to support real estate expansion

Wes Cummins, Applied Digital Chairman and Chief Executive Officer

The Tech Capital

HPC digital infrastructure developer and operator Applied Digital Corporation (Nasdaq: APLD) has secured private financing from investment firm and alternative asset manager CIM Group to aid in its real estate expansion.

Premium Article

Subscribe free for unlimited premium access to The Tech Capital.com

The Tech Capital
Daily

Daily Brief

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers

Share this article
Keywords
More From

João Marques Lima

Founder and Editor, The Tech Capital

Related Articles