In addition to the purchase price, the transaction will release US$12 million of restricted cash previously committed as collateral for the site's letter of credit.
Founder and Editor, The Tech Capital
2 Mins
April 07, 2024 | 2:15 PM BST
Wes Cummins, CEO and Chairman of Applied Digital. Source: Applied Digital
High-Performance Computing (HPC) digital infrastructure operator Applied Digital Corporation (Nasdaq: APLD) has entered into a definitive agreement to sell its 200 megawatt (MW) campus in Garden City, Texas, to digital asset technology company Marathon Digital Holdings (Nasdaq: MARA).
Founder and Editor, The Tech Capital
3 Mins|May 02, 2024
4 Mins|May 02, 2024
4 Mins|May 02, 2024
Inside the data centre: Digital Realty’s global CEO discusses REITs, private equity, and geopolitical tactics for strategic investments and market volatility
In an exclusive interview on the floor of PTC’24, The Tech Capital spoke with Andrew Power, presi...
New Nordic JV to build $230m data centre in Oslo
Norway’s TMT firms Telenor, Hafslund, and HitecVision have entered into a joint venture to build ...
The Tech Capital unveils the 2nd edition of the Asia Finance Forum 2024 – Bookings now open
London, UK / Jakarta, Indonesia, March 21, 2024 – The Tech Capital is thrilled to announce the hi...
AirTrunk’s $9.77bn data centre portfolio sales process headed by Macquarie and PSP
AirTrunk’s rumoured data centre business sale is said to be in motion with Australia's Macquarie ...
EdgeCore Digital Infrastructure secures $440m debt financing for Silicon Valley campus Expansion
Wholesale data centre developer EdgeCore Digital Infrastructure has sealed a US$440 million debt fi...
Oracle announces $10bn investment in massive data centres capable of accommodating 8 airplanes
American multinational computer technology corporation Oracle (NYSE: ORCL) said its plans to invest...
