2030 senior secured notes issuance
Company: Applied Digital
The claim, verbatim
Applied Digital issued $2.35 billion of senior secured notes carrying a 9.25% coupon, raised in November 2025
Source (primary)
Hut 8 vs Applied Digital and Why 96 Percent of Hut 8's AI Revenue Is Internal - Phemex (-, news_article)
View cached copy (2026-09-23)Live source ↗
Quote: “Its 2030 senior secured notes carry a 9.25% coupon on $2.35 billion raised in November 2025”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article states that Applied Digital's 2030 senior secured notes carry a 9.25% coupon on $2.35 billion raised in November 2025.
Confirmed in the source:
- Applied Digital issued senior secured notes (its 2030 notes)
- The notes carry a 9.25% coupon
- The issue raised $2.35 billion
- The notes were raised in November 2025
What we did: Read our cached copy of the publisher (https://phemex.com/academy/hut-8-vs-applied-digital-ai-revenue) in full (15,917 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 vs Applied Digital and Why 96 Percent of Hut 8's AI Revenue Is Internal - Phemex
Quote: “Its 2030 senior secured notes carry a 9.25% coupon on $2.35 billion raised in November 2025”