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Bitcoin mining hosting company Applied Blockchain (APLD) has secured a $15 million loan to pay off its existing debt and fund the buildout of data centers.The loan, which was granted by a North Dakota bank, is expected to have an interest rate of 1.5% for the first 13 months after including "state-based economic incentives" and 6.5% for the remainder of the term, according to a company press release on Friday.

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【Crypto Mining Hosting Firm Applied Digital Adds $15M Loan to Pay Off Debt, Fund Growth】Bitcoin mining hosting company Applied Blockchain (APLD) has secured a $15 million loan to pay off its existing debt and fund the buildout of data centers.The loan, which was granted by a North Dakota bank, is expected to have an interest rate of 1.5% for the first 13 months after including "state-based economic incentives" and 6.5% for the remainder of the term, according to a company press release on Friday.

Crypto Mining Hosting Firm Applied Digital Adds $15M Loan to Pay Off Debt, Fund Growth

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