08:53 AM EST, 02/12/2025 (MT Newswires) -- Applied Digital ( APLD ) said Wednesday that its high-performance computing subsidiary, APLD HPC Holdings closed a $375 million financing deal with Japan's SMBC Group.

The company said it used a portion of the proceeds to repay its debts under its Macquarie Capital senior secured note. It plans to use the remainder to advance the construction of its first and second data center buildings on its Ellendale HPC Campus in North Dakota.