Applied Digital issued $2.35 billion in junk-rated bonds at roughly 10% yield to build a 400 MW AI data center for CoreWeave in North Dakota.

June 8 : Applied Digital has signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site which is expected to generate about $5.2 billion in revenue over the…

Applied Digital issued $2.35 billion in junk-rated bonds at roughly 10% yield to build a 400 MW AI data center for CoreWeave in North Dakota.