DUG Technology Ltd (AU:DUG) has released an update.
DUG Technology Ltd has successfully enhanced its high-performance computing (HPC) capabilities by acquiring 1,500 new AMD EPYC Genoa machines, eliminating the need for third-party compute costs. The company has secured a financing deal of US$20.9 million from First National Capital LLC to fund the new machines with a three-year repayment plan. The managing director expresses optimism for the company’s growth as it responds to increasing demand in the tech sector.
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