2031 senior secured notes issuance
Company: Applied Digital
The claim, verbatim
Applied Digital issued $2.15 billion of senior secured notes carrying a 6.75% coupon, raised in March 2026
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: “the 2031 notes carry 6.75% on $2.15 billion raised in March 2026”
How we checked this
Checked on September 26, 2026. The cited source supports part of this claim, but not all of it.
The article gives the 2031 notes' coupon, amount and timing, but it calls only the 2030 notes 'senior secured' and refers to the 2031 issue simply as 'the 2031 notes'.
Confirmed in the source:
- Applied Digital issued 2031 notes carrying a 6.75% coupon
- The 2031 notes raised $2.15 billion
- The 2031 notes were raised in March 2026
We could not confirm this from the cited source:
- That Applied Digital's 2031 notes are senior secured notes
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “the 2031 notes carry 6.75% on $2.15 billion raised in March 2026”