$15M credit facility with North Dakota bank
Company: Applied Digital
The claim, verbatim
Applied Digital 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
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)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 10, 2026. The cited source supports every part of this claim.
The release states that the company secured a $15.0 million facility from a North Dakota-based bank at 1.5% for the first 13 months, with proceeds used to repay debt and fund buildout.
Confirmed in the source:
- The company (Applied Blockchain, Nasdaq: APLD, now Applied Digital) 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
- Proceeds are to repay existing debt and fund datacenter buildout
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 (21,726 characters, retrieved September 1, 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.”