Applied Digital

Recent Business Signals

1. Jun 23, 2026

   customer_win

   Applied Digital signed a 210 MW lease at Delta Forge 2, its fifth HPC campus.

   source: funding-research

2. Jun 9, 2026

   funding

   Applied Digital issued $1.59 billion in senior secured notes to finance the fourth building at Polaris Forge 1.

   source: funding-research

Funding & valuation history

• Jun 9, 2026 · funding-research

  Applied Digital issued $1.59 billion in senior secured notes to finance the fourth building at Polaris Forge 1.

• Apr 23, 2026 · funding-research

  Applied Digital issued $450 million in convertible notes at a 2.75% interest rate.

• Apr 23, 2026 · funding-research

  Applied Digital secured $160 million in strategic funding from NVIDIA and institutional investors.

• Nov 12, 2025 · funding-research

  Applied Digital drew an additional $787.5 million from Macquarie Asset Management's perpetual preferred equity facility (part of a facility of up to $5.0 billion) to accelerate the Polaris Forge 1 and 2 AI Factory buildouts in North Dakota.

• Nov 10, 2025 · funding-research

  Applied Digital entered a $65 million revolving loan and letters-of-credit agreement with First National Bank of Omaha at SOFR + 2.75%.

Recent Hiring (60 days)