10:19 AM EST, 11/10/2025 (MT Newswires) -- Applied Digital ( APLD ) said Monday its APLD ComputeCo unit plans to offer $2.35 billion of senior secured notes due 2030 through a private placement.

The use of proceeds include to help fund the construction of its 100 megawatt and 150 MW data centers at its 400 MW Ellendale, North Dakota data center campus, the company said.

Shares of the company were up over 6% in recent trading.

Price: 33.03, Change: +2.05, Percent Change: +6.62