Applied Digital Pursues $2.15 Billion in Junk Bond Sale for AI Infrastructure

Applied Digital is aiming to secure $2.15 billion through a junk bond sale to support the development of artificial intelligence infrastructure. Bloomberg posted on X, highlighting this move as part of a broader trend in debt financing within the AI sector. The company’s initiative reflects the growing demand for AI capabilities and the financial strategies being employed to meet this demand. This bond sale is among several recent efforts by companies to leverage debt markets for technological advancements.