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What will be APLD's reported revenue for Q1 2025?
3
Resolution / Starting Odds
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Company financial reports, financial news websites (e.g., WSJ, Bloomberg)
Story
APLD Raises $160 Million from Nvidia, Others at $3.24 per Share
Sep 5, 2024, 12:32 PM
Applied Digital (APLD) has raised $160 million in funding from Nvidia and other investors, as reported by WSJ. The financing round involved the issuance of 49 million shares at $3.24 each. Applied Digital, which leases out data-center space and has initiated an AI cloud-computing service using Nvidia chips, received significant backing from the artificial intelligence chip giant. The stock saw a 23.5% pre-market increase following the announcement.
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