NasdaqGS:APLDIT
Will Applied Digital's (APLD) Aggressive Fundraising Redefine Its Long-Term AI Infrastructure Ambitions?
Applied Digital Corporation recently filed a US$342.6 million shelf registration for 15 million shares related to an ESOP offering and closed a previous US$196.83 million shelf registration, as part of its ongoing efforts to raise capital for data center development.
This wave of capital raising, alongside significant debt financing and heightened options activity, underscores the company's accelerating push to support its AI infrastructure growth and signals strong investor engagement with...