Applied Digital, a leader in bitcoin mining hosting and high-performance computing, has secured $160 million in strategic financing. This funding comes from a group of investors, including the prominent chipmaker NVIDIA.

The capital injection is poised to support Applied Digital’s ongoing projects, such as the development of one of the largest data center campuses in Ellendale, North Dakota, and the expansion of its GPU cloud solutions​.

The funds will also be allocated to Applied Digital’s broader plans for advancing its data center infrastructure and cloud business. These initiatives aim to cater to the growing demand for AI workloads, powered by cutting-edge NVIDIA accelerators like the H200 and A40.

The company continues to provide critical services for the bitcoin mining industry while also positioning itself as a major player in the AI and high-performance computing sectors.

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