Applied Digital (APLD) said Tuesday that it has led a $25 million funding round for Corintis, a Swiss-based producer of chip-cooling systems for data centers with high-intensity AI workloads.
Applied said this new investment brings Corintis' total funding to $58 million.
Shares of Applied were up more than 4% in recent Tuesday trading.
Price: 29.53, Change: +1.32, Percent Change: +4.69
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