Applied Digital completes financing for Jamestown HPC data center campus

Applied Digital Corporation announced the Company has closed a previously secured loan agreement with The Bank of North Dakota and Cornerstone Bank for $16 million in site-level financing for its 10MW Jamestown HPC data center campus. The Company intends to use the loan, which has a 5-year term, to support its operations at the standalone data center, which will house graphics processing units and support various HPC/AI applications. “The execution of this attractive financing is a testament to the strength and support of our banking relationships,” said Applied Digital CFO David Rench. “We’re proud to partner with The Bank of North Dakota as they continue to support the development of digital infrastructure across the state.”