$15M credit facility from North Dakota bank
Company: Applied Digital
The claim, verbatim
Secured $15 million credit facility from North Dakota-based bank at 1.5% interest for first 13 months, then 6.5%
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Secured a $15.0 million credit facility with a North Dakota-based bank with 1.5% interest for the first 13 months to repay existing debt and fund datacenter buildout.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release states the $15.0 million facility with a North Dakota-based bank carries an expected 1.5% rate for the first 13 months and 6.5% for the rest of the term.
Confirmed in the source:
- Applied Blockchain secured a $15.0 million credit facility
- The lender is a North Dakota-based bank
- The interest rate is 1.5% for the first 13 months
- The rate for the remainder of the term is 6.5%
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/37/applied-blockchain-reports-fiscal-fourth-quarter-and-full/) in full (21,764 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Secured a $15.0 million credit facility with a North Dakota-based bank with 1.5% interest for the first 13 months to repay existing debt and fund datacenter buildout.”
confirms Earnings Release
Quote: “On August 12, 2022, Applied Blockchain secured a new $15.0 million credit facility with a North Dakota-based bank. The initial interest rate is expected to be 1.5% for the first 13 months after taking into account state-based economic incentives and the remainder of the term rate will be 6.5%.”
confirms Earnings Release
Quote: “On August 12, 2022, Applied Blockchain secured a new $15.0 million credit facility with a North Dakota-based bank. The initial interest rate is expected to be 1.5% for the first 13 months”
confirms Earnings Release
Quote: “On August 12, 2022, Applied Blockchain secured a new $15.0 million credit facility with a North Dakota-based bank. The initial interest rate is expected to be 1.5% for the first 13 months”
confirms Earnings Release
Quote: “On August 12, 2022, Applied Blockchain secured a new $15.0 million credit facility with a North Dakota-based bank. The initial interest rate is expected to be 1.5% for the first 13 months after taking into account state-based economic incentives and the remainder of the term rate will be 6.5%.”