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Applied Digital Corporation shares rise 3.98% intraday after Hyperscale Data reduces debt by over $20 million.
ByAinvest
Monday, Jul 14, 2025 2:03 pm ET1min read
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.
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