Applied Blockchain, Inc. announced that on July 25, 2022, the company entered into a loan agreement with a North Dakota-based bank for a credit facility with a maximum principal amount of $15.0 million. The Company intends to use the facility to repay its existing debt and provide additional liquidity to fund the buildout of its datacenters. Applied Blockchain expects the initial interest rate of the Loan to be 1.5% for the first 13 months after taking into account state-based economic incentives and the remainder of the term rate to be 6.5%.
Real-time Estimate
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5-day change | 1st Jan Change | ||
2.995 USD | +2.22% | +24.17% | -55.79% |
Apr. 12 | Craig-Hallum Adjusts Applied Digital's Price Target to $10 From $15, Maintains Buy Rating | MT |
Apr. 12 | Needham Adjusts Applied Digital's Price Target to $11 From $13, Keeps Buy Rating | MT |
EPS Revisions
1st Jan change | Capi. | |
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-55.79% | 360M | |
-18.90% | 5.2B | |
+81.19% | 4.67B | |
0.00% | 3.66B | |
-22.30% | 3B | |
+14.01% | 1.4B | |
-28.79% | 859M | |
+11.46% | 819M | |
-33.98% | 776M | |
-27.66% | 753M |
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- Applied Blockchain, Inc. Secures New $15 Million Credit Facility to Refinance Existing Debt and Expand Liquidity Position