Applied Digital has successfully raised $2.15 billion through a bond issuance to enhance its computing infrastructure for Oracle. The five-year bonds, led by Goldman Sachs, were priced at a yield of approximately 7.23%, aligning with the average yield for Class B bonds. The proceeds will fund the construction of a 200-megawatt data center in North Dakota, which is already leased to Oracle. This project is anticipated to generate $5 billion in contract revenue over 15 years, as stated by Applied Digital last October.