TechFlow News, May 4: According to GlobeNewswire, Applied Digital—a company providing Bitcoin mining hosting and cloud services—announced securing a $300 million senior secured bridge financing facility led by Goldman Sachs. The financing will support the development of its AI data center projects. Collateralized by project assets, the facility allows for prepayment at any time without penalty. Applied Digital also plans to pursue additional long-term financing to further support the development and construction of its AI data centers.
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