JUST IN: APLD @APLDdigital plans to offer $1.59B of senior secured notes due 2031 via a subsidiary to fund 150 MW of critical IT load at ELN-04, the fourth building at its Polaris Forge 1 #AI campus in Ellendale, North Dakota. Key points: • Proceeds to fund ELN-04 construction and repay a Goldman Sachs bridge loan • ELN-04 adds 150 MW of critical IT load • Latest raise would bring Applied Digital’s senior secured notes raised or proposed since November to about $6.09B • Comes after its 210 MW Delta Forge 2 lease with a hyperscaler, representing $5.2B in base-term contracted revenue(TheEnergyMag)