Applied Digital Completes $2.35B Senior Notes Offering

Applied Digital Corporation ( (APLD) ) has issued an announcement.

On November 20, 2025, Applied Digital Corporation‘s subsidiary, APLD ComputeCo LLC, completed a private offering of $2.35 billion in 9.250% Senior Secured Notes due 2030. The proceeds are intended to fund the construction of new data centers, repay existing debt, and cover transaction expenses, potentially strengthening the company’s infrastructure and financial position.

The most recent analyst rating on (APLD) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.

Spark’s Take on APLD Stock

According to Spark, TipRanks’ AI Analyst, APLD is a Neutral.

Applied Digital Corporation’s overall stock score is primarily impacted by its financial performance, which is hindered by profitability and cash flow challenges. Technical analysis indicates bearish momentum, further weighing on the score. Valuation concerns due to a negative P/E ratio and lack of dividend yield also contribute to the low score. While the earnings call provided some positive insights into revenue growth and strategic positioning, the operational and financial hurdles remain significant.

To see Spark’s full report on APLD stock, click here.

More about Applied Digital Corporation

Applied Digital Corporation operates in the technology industry, focusing on the development and management of data centers. The company is involved in constructing large-scale data facilities, such as its 400 MW Ellendale, North Dakota data center campus, to support digital infrastructure needs.

Average Trading Volume: 30,437,795

Technical Sentiment Signal: Buy

Current Market Cap: $6.46B

Find detailed analytics on APLD stock on TipRanks’ Stock Analysis page.