$16M site-level loan for Jamestown HPC campus closed
Company: Applied Digital - Project: Jamestown
The claim, verbatim
Applied Digital closed a previously secured $16 million site-level loan with The Bank of North Dakota and Cornerstone Bank for its Jamestown HPC data center campus, with a 5-year term.
Source (primary)
applied-digital 8-K exhibit (apldbndloanpr3524.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “closed a previously secured loan agreement with The Bank of North Dakota and Cornerstone Bank for $16 million in site-level financing for its 10MW Jamestown HPC data center campus”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
Applied Digital's March 5, 2024 press release states the amount, lenders, site-level nature, campus, closing and 5-year term of the loan.
Confirmed in the source:
- Applied Digital closed a previously secured loan agreement
- The loan is $16 million in site-level financing
- The lenders are The Bank of North Dakota and Cornerstone Bank
- The financing is for the Jamestown HPC data center campus
- The loan has a 5-year term
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000053/apldbndloanpr3524.htm) in full (3,699 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldbndloanpr3524.htm)
Quote: “closed a previously secured loan agreement with The Bank of North Dakota and Cornerstone Bank for $16 million in site-level financing for its 10MW Jamestown HPC data center campus”