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Bitcoin Hosting Provider Applied Digital Secures $15 Million Loan With Vantage Bank Texas

Hosting provider Applied Digital, formerly known as Applied Blockchain, secured a $15 million loan deal with Vantage Bank Texas to expand its operations in that state.

The company has so far borrowed nearly $4.7 million, it said in a document filed with the U.S. Securities and Exchange Commission Monday.

The new funds will be put toward the company's second facility, which is currently under development in Garden City, Texas and expected to reach a capacity of 200 megawatts.

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