🟢 Applied Digital Corporation is trading 4.6% up today after securing a new credit facility for up to $550 million

Applied Digital Corporation is trading at $41.43 (+4.57%) in pre-market after announcing a significant new financing agreement.

• The company announced it has secured a new revolving credit facility for up to $550 million, arranged by Goldman Sachs.
• Proceeds will be used to support the development of the company's data center projects and for general corporate purposes.
• The move comes as broader market sentiment improves, with crypto assets like Bitcoin and Ethereum also seeing a rebound.