When Applied Digital Corp. first tapped the junk-bond market in November to fund a data center project tied to CoreWeave Inc., it had to stomach a hefty yield to get the deal done. Fast forward to this week, and borrowing costs for another portion of the same project tumbled.
When Applied Digital Corp. first tapped the junk-bond market in November to fund a data center project tied to CoreWeave Inc., it had to stomach a hefty yield to get the deal done. Fast forward to this week, and borrowing costs for another portion of the same project tumbled.
The CoreWeave logo arranged on a smartphone in Forest Hills, New York, US, on Friday, April 10, 2026. Anthropic PBC agreed to rent data center capacity from CoreWeave Inc. to handle increasing demand for its artificial intelligence services.
Applied Digital Corp. raised $2.15 billion in a junk-bond sale to fund additional computing capacity for Oracle Corp., showing demand for AI-related debt remains firm despite mounting uncertainty.
Applied Digital Corp. raised $2.15 billion in a junk-bond sale to fund additional computing capacity for Oracle Corp., showing demand for AI-related debt remains firm despite mounting uncertainty.
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