An Applied Digital subsidiary raised $1. 59 billion in the high-yield bond market on Tuesday to fund a fourth building at its Polaris Forge 1 campus in North Dakota, which will provide 150 megawatts of computing capacity for CoreWeave under a 15-year contract.
Source: [TNW](https://thenextweb.com/news/coreweave-credit-rebound-applied-digital-junk-bond-data-center)