Applied Digital, a leader in high-performance computing (HPC) infrastructure, announced a $160 million strategic financing deal from institutional and accredited investors, including NVIDIA and Related Companies. This investment solidifies Applied Digital's leadership in accelerated compute infrastructure, helping the company scale its cutting-edge data center and GPU cloud solutions.
The new capital will bolster Applied Digital's ability to deploy transformative AI and HPC data centers, including developing one of the world's largest data centers and an additional 300MW of data center capacity. The company's innovative platform leverages advanced technologies such as closed-loop liquid cooling, providing hyper-efficient environments tailored for AI and HPC workloads.
“Applied Digital was built on its ability to identify market demands, and we believe our collective philosophy, technical expertise, and long-standing industry experience have brought us to our current place of strength that will carry us and our hyperscale customers securely into the AI and HPC future,” notes Wes Cummins, CEO and Chairman at Applied Digital. “We’re proud of our strong relationship with NVIDIA, and the confidence that both they and Related Companies, along with institutional investors, have placed in us. Our team is eager to bring to market the vital capacity and contiguous, liquid-cooled IT environments that are tailor-made for AI, HPC, and other accelerated compute workloads.”
As a Preferred NVIDIA Cloud Partner, Applied Digital continues to lead the market in digital infrastructure innovation, addressing the increasing demand for AI and HPC solutions.
Read the full press release here.
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