Applied Digital Corporation shares rise 3.98% intraday after Hyperscale Data reduces debt by over $20 million.

Applied Digital Corporation rose 3.98% intraday, with Hyperscale Data, Inc. (a diversified holding company) announcing a significant reduction in its outstanding debt by over $20 million. This debt reduction strengthens the company's financial position as it advances the development of its 617,000-square-foot data center in Michigan into a major hub for AI infrastructure.