Bitcoin mining hosting and cloud service company Applied Digital has completed a $300 million senior secured bridge loan to build an AI data center

According to GlobeNewswire, Bitcoin mining hosting and cloud services company Applied Digital announced that it has secured a $300 million senior secured bridge loan led by Goldman Sachs to advance its AI data center project construction.

This financing is secured by project assets, can be repaid early without penalty, and will seek additional long-term financing in the future to support the development and construction of the AI data center.