🟢 Applied Digital Corporation is trading 11.03% up today after announcing $1.59B AI data center financing

Applied Digital Corporation is trading 11.03% up today at $45.46 after announcing a massive debt financing package and credit facility to fund a new 150 MW AI data center campus.

• The company launched a $1.59 billion senior secured notes offering alongside a revolving credit facility of up to $550 million to support aggressive infrastructure expansion.
• The financing serves as the primary catalyst for today's rally, as investors cheer the firm's pivot toward high-capacity AI data center development.
• The stock's sharp move higher occurs despite broader weakness in the cryptocurrency market, signaling a decoupling driven by AI-related growth prospects.