SMBC $375M financing closed
Company: Applied Digital
The claim, verbatim
APLD HPC Holdings LLC closed a $375 million financing with Sumitomo Mitsui Banking Corporation
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “APLD HPC Holdings LLC closed a $375 million financing with Sumitomo Mitsui Banking Corporation ("SMBC").”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The press release states that APLD HPC Holdings LLC closed a $375 million financing with Sumitomo Mitsui Banking Corporation.
Confirmed in the source:
- APLD HPC Holdings LLC closed a financing with Sumitomo Mitsui Banking Corporation (SMBC)
- The SMBC financing was $375 million
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/121/applied-digital-reports-fiscal-third-quarter-2025-results/) in full (33,113 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “APLD HPC Holdings LLC closed a $375 million financing with Sumitomo Mitsui Banking Corporation ("SMBC").”