Applied Digital secures $300 million in bridge financing led by Goldman Sachs for AI data center construction.

CoinFeed reported on May 4th that, according to Globenewswire, Bitcoin mining hosting and cloud services company Applied Digital announced it has secured $300 million in senior secured bridge financing led by Goldman Sachs to advance its AI data center project. This financing is secured by project assets, can be repaid early without penalties, and the company will seek additional long-term financing to support the development and construction of its AI data center.