Odaily Planet Daily News 📢 Bitcoin mining hosting and cloud service company Applied Digital plans to raise $375 million through a private placement of convertible notes! The annual interest rate of the notes issued this time is 2.75%, which will mature in 2030, and the initial purchaser can also purchase an additional $75 million. 💰

The company plans to use part of the funds for capped option transactions to hedge shareholder dilution risks, and invest approximately $84 million in stock repurchases. It is worth noting that Applied Digital is not directly involved in Bitcoin mining, but provides data center hosting services to other companies. 📊

Its latest quarterly report shows that $34.8 million of the $60.7 million in revenue came from Bitcoin mining hosting business, and the remaining 43% came from cloud service business. The Bitcoin market is still full of vitality and the future is promising! 🚀