Nvidia (NVDA) is joining other investors, including real-estate firm Related Companies, in a $160M financing round for Applied Digital (APLD), which operates data centers and is building a business leasing out computing power for AI, reported The Wall Street Journal’s Asa Fitch, citing Applied Digital CEO Wes Cummins. The deal will bring in capital for Applied Digital via a purchase of new shares from the company, the report noted.
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